Wyoming § 2-3-815 Rental property

Wyoming Statutes

§ 2-3-815 — Rental property

Wyoming § 2-3-815

Title 02Wills, Decedents' Estates and Probate Code

Ch. 3FIDUCIARIES

Art. 8PRINCIPAL AND INCOME

This text of Wyoming § 2-3-815 (Rental property) 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. § 2-3-815 (2026).

Text

To the extent that a trustee accounts for receipts from rental
property pursuant to this section, the trustee shall allocate to
income an amount received as rent of real or personal property,
including an amount received for cancellation or renewal of a
lease. An amount received as a refundable deposit, including a
security deposit or a deposit that is to be applied as rent for
future periods, must be added to principal and held subject to
the terms of the lease and is not available for distribution to
a beneficiary until the trustee's contractual obligations have
been satisfied with respect to that amount.

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To the extent that a trustee accounts for receipts from rental
property pursuant to this section, the trustee shall allocate to
income an amount received as rent of real or personal property,
including an amount received for cancellation or renewal of a
lease. An amount received as a refundable deposit, including a
security deposit or a deposit that is to be applied as rent for
future periods, must be added to principal and held subject to
the terms of the lease and is not available for distribution to
a beneficiary until the trustee's contractual obligations have
been satisfied with respect to that amount.