§ 34-2-123 — Notice of trust or representative capacity of grantee; prior conveyances

Wyoming § 34-2-123

• Jurisdiction: Wyoming
• Title 34: Property, Conveyances and Security Transactions
• Ch. 2: DEEDS, MORTGAGES AND LEASES GENERALLY

Text

Any instrument which complies with this act shall be effective
regardless of when it was executed or recorded. All instruments
of conveyance to, or transfer, encumbrance or release of, lands
or any interest therein within the state of Wyoming, which name
a grantee in a representative capacity, or name a trust as
grantee, and which fail to provide the information required by
W.S. 34-2-122, shall cease to be notice of any trust or
representative capacity of the grantee and shall be considered
and held to be a description of the grantee only, who shall be
held to have individually, the full power to convey, transfer,
encumber or release the affected title and no conveyance,
transfer, encumbrance or release shall thereafter be questioned
by anyone claiming with respect to the affected property, as a
beneficiary or by anyone claiming by, through, or under an
undisclosed beneficiary, provided that this section shall not
apply if the grantee or any beneficiary or beneficiaries or
other properly interested person shall file for record in the
proper office of the county in which the land is situated, a
statement, duly verified, describing the affected lands and
interest therein, setting forth the interest of the person or
entity making the statement, defining the representative
relationship, and setting forth the information required by W.S.
34-2-122, or referring by proper description to an instrument of
public record in the county in which the matters shall appear.
The identity of any successor trustee may be established by a
recorded statement, duly verified, of the successor trustee
specifying his name and address and the date and circumstances
of his succession, and confirming that he is currently lawfully
serving in that capacity.