Wyoming § 4-10-1013 Protection of person dealing with fiduciary

Wyoming Statutes

§ 4-10-1013 — Protection of person dealing with fiduciary

Wyoming § 4-10-1013

Title 04Fiduciaries

Ch. 10UNIFORM TRUST CODE

Art. 10LIABILITY OF FIDUCIARIES AND RIGHTS OF PERSONS

This text of Wyoming § 4-10-1013 (Protection of person dealing with fiduciary) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 4-10-1013 (2026).

Text

(a)A person other than a beneficiary who in good faith assists a fiduciary, or who in good faith and for value deals with a fiduciary, without knowledge that the fiduciary is exceeding or improperly exercising the fiduciary's powers is protected from liability as if the fiduciary properly exercised the power.

(b)A person other than a beneficiary who in good faith deals with a fiduciary is not required to inquire into the extent of the fiduciary's powers or the propriety of their exercise.

(c)A person who in good faith delivers assets to a fiduciary need not ensure their proper application.

(d)A person other than a beneficiary who in good faith assists a former fiduciary, or who in good faith and for value deals with a former fiduciary, without knowledge that the appointment has termina

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A person other than a beneficiary who in good faith
assists a fiduciary, or who in good faith and for value deals
with a fiduciary, without knowledge that the fiduciary is
exceeding or improperly exercising the fiduciary's powers is
protected from liability as if the fiduciary properly exercised
the power.
(b) A person other than a beneficiary who in good faith
deals with a fiduciary is not required to inquire into the
extent of the fiduciary's powers or the propriety of their
exercise.
(c) A person who in good faith delivers assets to a
fiduciary need not ensure their proper application.
(d) A person other than a beneficiary who in good faith
assists a former fiduciary, or who in good faith and for value
deals with a former fiduciary, without knowledge that the
appointment has terminated is protected from liability as if the
former fiduciary were still a fiduciary.
(e) Comparable protective provisions of other laws
relating to commercial transactions or transfer of securities by
fiduciaries prevail over the protection provided by this
section.