Wyoming § 9-3-439 General duties of trustee and fiduciary

Wyoming Statutes

§ 9-3-439 — General duties of trustee and fiduciary

Wyoming § 9-3-439

Title 09Administration of the Government

Ch. 3COMPENSATION AND BENEFITS

Art. 4RETIREMENT

This text of Wyoming § 9-3-439 (General duties of trustee and fiduciary) 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. § 9-3-439 (2026).

Text

(a)A trustee or other fiduciary shall discharge duties with respect to a retirement system:

(i)Solely in the interest of the participants and beneficiaries;

(ii)For the exclusive purpose of providing benefits to participants and beneficiaries and paying reasonable expenses of administering the system;

(iii)With the care, skill and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose;

(iv)Impartially, taking into account any differing interests of participants and beneficiaries;

(v)Incurring only costs that are appropriate and reasonable; and

(vi)In accordance with a good-faith interpretation of the law governing the retirement program and

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(a) A trustee or other fiduciary shall discharge duties
with respect to a retirement system:
(i) Solely in the interest of the participants and
beneficiaries;
(ii) For the exclusive purpose of providing benefits
to participants and beneficiaries and paying reasonable expenses
of administering the system;
(iii) With the care, skill and caution under the
circumstances then prevailing which a prudent person acting in a
like capacity and familiar with those matters would use in the
conduct of an activity of like character and purpose;
(iv) Impartially, taking into account any differing
interests of participants and beneficiaries;
(v) Incurring only costs that are appropriate and
reasonable; and
(vi) In accordance with a good-faith interpretation
of the law governing the retirement program and system.