§ 2-6-109 — Nonademption of specific devises where sold by conservator; exception; rights of specific devisee

Wyoming § 2-6-109

• Jurisdiction: Wyoming
• Title 02: Wills, Decedents' Estates and Probate Code
• Ch. 6: WILLS
• Art. 1: IN GENERAL

Text

(a) If specifically devised property is sold by a
conservator, or if a condemnation award or insurance proceeds
are paid to a conservator as a result of a condemnation, fire or
casualty, the specific devisee has the right to a general
pecuniary devise equal to the net sale price, the condemnation
award or the insurance proceeds. This subsection does not apply
if after the sale, condemnation or casualty, it is adjudicated
that the disability of the testator has ceased and the testator
survives the adjudication by one (1) year. The right of the
specific devisee under this subsection is reduced by any right
he has under subsection (b) of this section.
(b) A specific devisee has the right to the remaining
specifically devised property and:
(i) Any balance of the purchase price together with
any security interest owing from a purchaser to the testator at
death by reason of sale of the property;
(ii) Any amount of a condemnation award for the
taking of the property unpaid at death;
(iii) Any proceeds unpaid at death on a fire or
casualty insurance on the property; and
(iv) Property owned by testator at his death as a
result of foreclosure, or obtained in lieu of foreclosure, of
the security for a specifically devised obligation.