Wyoming § 2-3-914 Trustee's liability

Wyoming Statutes

§ 2-3-914 — Trustee's liability

Wyoming § 2-3-914

Title 02Wills, Decedents' Estates and Probate Code

Ch. 3FIDUCIARIES

Art. 9WYOMING UNITRUST ACT

This text of Wyoming § 2-3-914 (Trustee's liability) 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. § 2-3-914 (2026).

Text

Any trustee or disinterested person who in good faith takes or
fails to take any action under this act shall not be liable to
any person affected by the action or inaction, regardless of
whether the person received written notice as provided in this
act and regardless of whether the person was under a legal
disability at the time of the delivery of the notice. The
person's exclusive remedy shall be to obtain an order of the
district court directing the trustee to convert an income trust
to a total return unitrust, to reconvert from a total return
unitrust to an income trust or to change the percentage used to
calculate the unitrust amount.

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Any trustee or disinterested person who in good faith takes or
fails to take any action under this act shall not be liable to
any person affected by the action or inaction, regardless of
whether the person received written notice as provided in this
act and regardless of whether the person was under a legal
disability at the time of the delivery of the notice. The
person's exclusive remedy shall be to obtain an order of the
district court directing the trustee to convert an income trust
to a total return unitrust, to reconvert from a total return
unitrust to an income trust or to change the percentage used to
calculate the unitrust amount.