Wyoming § 13-5-601 Powers of family trust companies; prohibitions

Wyoming Statutes

§ 13-5-601 — Powers of family trust companies; prohibitions

Wyoming § 13-5-601

Title 13Banks, Banking and Finance

Ch. 5TRUST COMPANIES

Art. 6FAMILY TRUST COMPANIES

This text of Wyoming § 13-5-601 (Powers of family trust companies; prohibitions) 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. § 13-5-601 (2026).

Text

(a)A family trust company may, but only for family members:

(i)Act or be appointed by any court within and outside this state to act as a fiduciary for family members for any purpose permitted by law;

(ii)Act as transfer agent or registrar of corporate stocks and bonds of family affiliates;

(iii)Purchase, invest in and sell stocks, bonds, mutual funds, mortgages and other securities for the account of family members;

(iv)Accept and execute any trust company business of family members permitted by any law of this or any other state or of the United States to be taken, accepted or executed by an individual;

(v)Take oaths and execute affidavits by the oath or affidavit of its corporate officers or managing members;

(vi)Make any lawful fiduciary investment as permitted by Wyoming Unifor

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(a) A family trust company may, but only for family
members:
(i) Act or be appointed by any court within and
outside this state to act as a fiduciary for family members for
any purpose permitted by law;
(ii) Act as transfer agent or registrar of corporate
stocks and bonds of family affiliates;
(iii) Purchase, invest in and sell stocks, bonds,
mutual funds, mortgages and other securities for the account of
family members;
(iv) Accept and execute any trust company business of
family members permitted by any law of this or any other state
or of the United States to be taken, accepted or executed by an
individual;
(v) Take oaths and execute affidavits by the oath or
affidavit of its corporate officers or managing members;
(vi) Make any lawful fiduciary investment as
permitted by Wyoming Uniform Prudent Investor Act;
(vii) Perform all acts necessary to exercise the
powers enumerated in this section.
(b) A family trust company shall not engage in:
(i) Any banking business by accepting general
deposits or issuing demand instruments; or
(ii) Trust company business with the public.