Wyoming Statutes
§ 4-10-701 — Accepting or declining trusteeship
Wyoming·Title 04 Fiduciaries·Ch. 10 UNIFORM TRUST CODE·Art. 7 TRUSTEES, TRUST ADVISORS AND TRUST PROTECTORS
(a)Except as otherwise provided in subsection (c) of this
section, a person designated as trustee accepts the trusteeship:
(i)By substantially complying with a method of
acceptance provided in the terms of the trust; or
(ii)If the terms of the trust do not provide a
method or the method provided in the trust is not made
exclusive, by accepting delivery of the trust property,
exercising powers or performing duties as trustee, or otherwise
indicating acceptance of the trusteeship.
(b)A person designated as trustee who has not yet
accepted the trusteeship may reject the trusteeship. A
designated trustee who does not accept the trusteeship within a
reasonable time after knowing of the designation is deemed to
have rejected the trusteeship.
(c)A person designated as trustee, without accept
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Nearby Sections
15
§ 4-10-1001
Remedies for breach of trust§ 4-10-1002
Damages for breach of trust§ 4-10-1003
Damages in absence of breach§ 4-10-1004
Attorney's fees and costs§ 4-10-1005
Limitation of action against fiduciary§ 4-10-1006
Reliance on trust instrument§ 4-10-1008
Exculpation of fiduciaries§ 4-10-101
Short title§ 4-10-1012
Interest of trustee as general partner§ 4-10-1013
Protection of person dealing with fiduciary§ 4-10-1014
Certification or affidavit of trust