Wyoming § 17-14-707 - Limitations on distribution.
Full text of Wyoming Wyoming Statutes Annotated § 17-14-707 — Limitations on distribution., with citation guidance and answers to common questions.
§ 17-14-707. Limitations on distribution.
A partner may not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets.
Frequently Asked Questions About Wyoming § 17-14-707
What does Wyoming Statutes Annotated § 17-14-707 cover?
Section 17-14-707 ("Limitations on distribution.") is part of the Wyoming Statutes Annotated, the codified statutory law of Wyoming. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wyoming § 17-14-707?
A common citation format is "Wyoming Statutes Annotated § 17-14-707" (Wyoming). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wyoming law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wyoming official source linked on this page or consult a licensed Wyoming attorney.
How does Wyoming § 17-14-707 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wyoming can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wyoming.