Wyoming § 2-3-207 Liability of bank; when check drawn by trustee

Wyoming Statutes

§ 2-3-207 — Liability of bank; when check drawn by trustee

Wyoming § 2-3-207

Title 02Wills, Decedents' Estates and Probate Code

Ch. 3FIDUCIARIES

Art. 2UNIFORM PROVISIONS

This text of Wyoming § 2-3-207 (Liability of bank; when check drawn by trustee) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 2-3-207 (2026).

Text

When a deposit is made in a bank in the name of two (2) or more
persons as trustees and a check is drawn upon the trust account
by any trustee or trustees authorized by the other trustee or
trustees to draw checks upon the trust account, neither the
payee nor other holder nor the bank is bound to inquire whether
it is a breach of trust to authorize the trustee or trustees to
draw checks upon the trust account, and is not liable unless the
circumstances are such that the action of the payee or other
holder or the bank amounts to bad faith.

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When a deposit is made in a bank in the name of two (2) or more
persons as trustees and a check is drawn upon the trust account
by any trustee or trustees authorized by the other trustee or
trustees to draw checks upon the trust account, neither the
payee nor other holder nor the bank is bound to inquire whether
it is a breach of trust to authorize the trustee or trustees to
draw checks upon the trust account, and is not liable unless the
circumstances are such that the action of the payee or other
holder or the bank amounts to bad faith.