17-29-1104. : The statute governs condominium associations in Wyoming. The Wyoming LLC can be formed for $100 if you form the Limited Liability Company yourself, or $150 total if you use our services. 26-1-102(a)(xvi), or acting as a financial institution as described by W.S. 17-29-205. (d) The member or transferee whose transferable interest is subject to a charging order under subsection (a) of this section may extinguish the charging order by satisfying the judgment and filing a certified copy of the satisfaction with the court that issued the charging order. (a) A person is dissociated as a member from a limited liability company when: (i) The company has notice of the person’s express will to withdraw as a member, but, if the person specified a withdrawal date later than the date the company had notice, on that later date; (ii) An event stated in the operating agreement as causing the person’s dissociation occurs; (iii) The person is expelled as a member pursuant to the operating agreement; (iv) The person is expelled as a member by the unanimous consent of the other members if: (A) It is unlawful to carry on the company’s activities with the person as a member; (B) There has been a transfer of all of the person’s transferable interest in the company, other than: (II) A charging order in effect under W.S. (b) In a proceeding brought under paragraph (a)(v) of this section, the court may order a remedy other than dissolution. 17-29-409, the member or manager is personally liable to the company for the amount of the distribution that exceeds the amount that could have been distributed without the violation of W.S. (d) A person against which an action is commenced because the person is liable under subsection (a) of this section may: (i) Implead any other person that is subject to liability under subsection (a) of this section and seek to compel contribution from the person; and. ARTICLE 3 – RELATIONS OF MEMBERS AND MANAGERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY. (b) Articles of organization shall state: (i) The name of the limited liability company, which must comply with W.S. 2019 2018 2017 (you are here) Other previous versions. (d) merger becomes effective under this chapter: (i) If the surviving organization is a limited liability company, upon the later of: (A) Compliance with subsection (c) of this section; or, (B) Subject to W.S. 17-29-705. Known claims against dissolved limited liability company. – Ltd./LTD. 17-28-102 or a statement of correction under W.S. Transfer of a Wyoming limited liability company to another jurisdiction. (B) By the organization’s organizational documents under a provision of the governing statute authorizing those documents to make one (1) or more specified persons liable for all or specified debts, obligations or other liabilities of the organization solely by reason of the person or persons co-owning, having an interest in or being a member of the organization. Attorneys across the country realize… One of the reasons we recommend using our service, or another, is to ensure your money trail ends with the corporate service … 17-29-410 or, for good cause shown, granting extraordinary relief in the form of a temporary restraining order or preliminary injunction. Applications to qualified foreign limited liability companies. (g) In a manager-managed limited liability company, the following rules apply: (i) Subsections (a), (b), (c) and (e) of this section apply to the manager or managers and not the memrs; (ii) The duty stated under paragraph (b)(iii) of this section continues until winding up is completed; (iii) Subsection (d) of this section applies to the members and managers; (iv) Subsection (f) of this section applies only to the members; (v) A member does not have any fiduciary duty to the company or to any other member solely by reason of being a member. (b) A person that becomes a member of a limited liability company is deemed to assent to the operating agreement. 17-16-1502(d). Disclaimer: These codes may not be the most recent version. Losangeles77 said: ↑ I … (a) On application by a judgment creditor of a member or transferee, a court may enter a charging order against the transferable interest of the judgment debtor for the unsatisfied amount of the judgment. 17-29-301. (ii) The company’s total assets would be less than the sum of its total liabilities plus the amount that would be needed, if the company were to be dissolved, wound up and terminated at the time of the distribution, to satisfy the preferential rights upon dissolution, winding up and termination of members whose preferential rights are superior to those of persons receiving the distribution. The company's filing status is listed as Active and its File Number is 2020-000957965. (a) The secretary of state shall charge and collect fees from limited liability companies and foreign limited liability companies for: (i) Filing the original articles of organization or issuing a certificate of authority for a foreign limited liability company, one hundred dollars ($100.00); (ii) For amending the articles of organization, a filing fee of fifty dollars ($50.00); (iii) An annual fee accompanying the report required in W.S. This prevents personal credit problems from shutting down your business. The document verifies the existence of the LLC and that the organization complies with the state’s LLC law. 17-29-702(b)(ii)(A) and the limitation on the member’s or manager’s authority as a result of the statement of dissolution becomes effective; (C) Merger, conversion, continuance, transfer or domestication, ninety (90) days after articles of merger, conversion, continuance, transfer or domestication under article 10 of this chapter become effective. In addition, “charging order” protection as the sole and exclusive remedy which is generally considered the most desirable. Under the laws of many states, it is not necessary to record the deed for the transfer of real estate to your LLC to be effective for transfer purposes. Application for certificate of domestication; articles of domestication. Wyoming law also limits the ability of an LLC's creditors—such as lenders, landlords, and employees—to hold a member personally liable for the business's debts, known as "piercing the corporate veil." (ii) The member has consented to the provision of the operating agreement. (iii) Correct the defective signature or inaccurate information. If the secretary of state finds that the name for which application has been made is available, it shall be reserved for the applicant’s exclusive use for a one hundred twenty (120) day period. To records effective on behalf of the merger, the charging order ” as... 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