§ 34-1-302 — Conveyance; acceptance by grantee

Wyoming § 34-1-302

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 1: GENERAL PROVISIONS
• Art. 3: HISTORIC PRESERVATION RIGHTS

Text

(a) An owner may convey a historic preservation right in
real property to the state, any city, town, county, joint powers
board or other political subdivision of the state or to a
nonprofit corporation or trust whose primary purpose includes
the preservation of buildings, structures or sites of
historical, architectural or cultural significance.
(b) The conveyance of a historic preservation right
pursuant to this section shall not take effect until the
conveyance is accepted by the grantee. Acceptance of the right
may be conditioned upon any requirements imposed by the grantee
including compensation by the grantor for the management of the
right.
(c) Any conveyance of a historic preservation right shall
bind only the interest of the grantor. Any conveyance of a
historic preservation right by a person with limited interest in
the property shall only be valid to the extent it does not
violate the provisions of the instrument under which such
grantor holds his limited interest.