Wyoming § 4-10-414 Cy pres

Wyoming Statutes

§ 4-10-414 — Cy pres

Wyoming·Title 04 Fiduciaries·Ch. 10 UNIFORM TRUST CODE·Art. 4 CREATION, VALIDITY, MODIFICATION AND TERMINATION OF

(a)Except as otherwise provided in the terms of the trust, if a particular charitable purpose becomes unlawful, impracticable, impossible to achieve or wasteful:

(i)The trust does not fail, in whole or in part;

(ii)The trust property does not revert to the settlor or the settlor's successors in interest; and

(iii)The court may apply cy pres to modify or terminate the trust by directing that the trust property be applied or distributed, in whole or in part, in a manner consistent with the settlor's charitable purposes.

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(a) Except as otherwise provided in the terms of the
trust, if a particular charitable purpose becomes unlawful,
impracticable, impossible to achieve or wasteful:
(i) The trust does not fail, in whole or in part;
(ii) The trust property does not revert to the
settlor or the settlor's successors in interest; and
(iii) The court may apply cy pres to modify or
terminate the trust by directing that the trust property be
applied or distributed, in whole or in part, in a manner
consistent with the settlor's charitable purposes.

Wyoming § 4-10-414 (Cy pres) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.