§ 4-10-410 — Noncharitable trust without ascertainable beneficiary

(a) Except as otherwise provided in W.S. 4-10-409 or by
another statute, the following rules apply:
(i) A trust may be created for a noncharitable
purpose without a definite or definitely ascertainable
beneficiary or for a noncharitable but otherwise valid purpose
to be selected by the trustee;
(ii) A trust authorized by this section may be
enforced by a trust advisor, trust protector, person appointed
in the terms of the trust or, if no person is so appointed, by a
person appointed by the court;
(iii) Property of a trust authorized by this section
may be applied only to its intended use, except to the extent
the court determines that the value of the trust property
exceeds the amount required for the intended use. Except as
otherwise provided in the terms of the trust, property not
required for the intended use shall be distributed to the
settlor, if then living, otherwise to the settlor's successors
in interest;
(iv) No common law rule limiting the duration of
noncharitable purpose trusts is in force in this state, and no
common law rule of perpetuities that is otherwise in force in
this state shall apply to noncharitable purpose trusts.