Wyoming Statutes
§ 4-10-901 — Prudent investor rule; definitions
(a)Except as otherwise provided in subsection (b) of this
section, a trustee who invests and manages trust assets owes a
duty to the beneficiaries of the trust to comply with the
prudent investor rule set forth in this article.
(b)The prudent investor rule, a default rule, may be
expanded, restricted, eliminated or otherwise altered by the
provisions of a trust. A trustee is not liable to a beneficiary
to the extent that the trustee acted in reasonable reliance on
the provisions of the trust.
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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