Wyoming § 2-3-820 Liquidating asset

Wyoming Statutes

§ 2-3-820 — Liquidating asset

Wyoming § 2-3-820

Title 02Wills, Decedents' Estates and Probate Code

Ch. 3FIDUCIARIES

Art. 8PRINCIPAL AND INCOME

This text of Wyoming § 2-3-820 (Liquidating asset) 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. § 2-3-820 (2026).

Text

(a)In this section, "liquidating asset" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a period of limited duration. The term includes a leasehold, patent, copyright, royalty right and right to receive payments during a period of more than one

(1)year under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to W.S. 2-3-819, resources subject to W.S. 2-3-821, timber subject to W.S. 2-3-822, an activity subject to W.S. 2-3-824, an asset subject to W.S. 2-3-825 or any asset for which the trustee establishes a reserve for depreciation under W.S. 2-3-828.

(b)A trustee shall allocate to income ten percent (10%) of the receipts from a liquidating asset a

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(a) In this section, "liquidating asset" means an asset
whose value will diminish or terminate because the asset is
expected to produce receipts for a period of limited duration.
The term includes a leasehold, patent, copyright, royalty right
and right to receive payments during a period of more than one
(1) year under an arrangement that does not provide for the
payment of interest on the unpaid balance. The term does not
include a payment subject to W.S. 2-3-819, resources subject to
W.S. 2-3-821, timber subject to W.S. 2-3-822, an activity
subject to W.S. 2-3-824, an asset subject to W.S. 2-3-825 or any
asset for which the trustee establishes a reserve for
depreciation under W.S. 2-3-828.
(b) A trustee shall allocate to income ten percent (10%)
of the receipts from a liquidating asset and the balance to
principal.