Wyoming Statutes
§ 4-10-1009 — Beneficiary's consent, release or ratification
Wyoming·Title 04 Fiduciaries·Ch. 10 UNIFORM TRUST CODE·Art. 10 LIABILITY OF FIDUCIARIES AND RIGHTS OF PERSONS
(a)A fiduciary is not liable to a beneficiary for breach
of trust if the beneficiary consented in writing to the conduct
constituting the breach, released the fiduciary from liability
for the breach or ratified the transaction constituting the
breach, unless:
(i)The consent, release or ratification of the
beneficiary was induced by improper conduct of the fiduciary; or
(ii)At the time of the consent, release or
ratification, the beneficiary did not know of the beneficiary's
rights or of the material facts relating to the breach.
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Nearby Sections
15
§ 4-10-1001
Remedies for breach of trust§ 4-10-1002
Damages for breach of trust§ 4-10-1003
Damages in absence of breach§ 4-10-1004
Attorney's fees and costs§ 4-10-1005
Limitation of action against fiduciary§ 4-10-1006
Reliance on trust instrument§ 4-10-1008
Exculpation of fiduciaries§ 4-10-101
Short title§ 4-10-1012
Interest of trustee as general partner§ 4-10-1013
Protection of person dealing with fiduciary§ 4-10-1014
Certification or affidavit of trust