Title 2 — Title 2 — Wills, Decedents' Estates And Probate Code

18 chapters · 466 sections in this title.

466 sectionsFiltered byTitle 2

W.S. § 2-3-303 Authority of court to allow deviation from terms
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Authority of court to allow deviation from terms. Nothing contained in this act shall be construed as restricting the power of a court of proper jurisdiction to permit a fiduciary to deviate from the terms of any will, agreement or other instrument relating to the acquisition, in…
W.S. § 2-3-304 Applicability; generally
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Applicability; generally. The provisions of this act shall govern fiduciaries acting under wills, agreements, court orders and other instruments now existing or hereafter made.
W.S. § 2-3-305 Applicability; state funds excepted
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Applicability; state funds excepted. Nothing contained in this act shall apply to any funds belonging to the state of Wyoming.
W.S. § 2-3-401 Short title
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Short title. W.S. 2-3-401 through 2-3-403 may be cited as the "Uniform Common Trust Fund Act".
W.S. § 2-3-402 Authority to establish; purpose
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Authority to establish; purpose. (a) Any bank or trust company qualified to act as fiduciary in this state may establish and administer common trust funds composed of property permitted by law for investment in trust funds for the purpose of furnishing investments to: (i) Itself …
W.S. § 2-3-403 Accounting
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Accounting. Unless ordered by a court of competent jurisdiction, the bank or trust company operating common trust funds is not required to render a court accounting with regard to these funds, but it may by application to the court secure approval of an accounting on such conditi…
W.S. § 2-3-404 fiduciaries
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fiduciaries. Common trust fund distinct from participating (a) Each common trust fund established hereunder is a separate and distinct entity from the fiduciaries participating in the fund. No fiduciary in administering its and other fiduciaries participation in a common trust fu…
W.S. § 2-3-405 "Affiliated" defined
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"Affiliated" defined. For purposes of this article, two (2) or more banks or trust companies are affiliated if they are members of the same affiliated group, within the meaning of section 1504 of the United States Internal Revenue Code.
W.S. § 2-3-406 Exemption
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Exemption. The establishment and maintenance of common trust funds under this article are exempt from the provisions of title 17, chapter 4.
W.S. § 2-3-501 Authorization by court; generally
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Authorization by court; generally. Whenever in any estate or guardianship now being administered or that may hereafter be administered, it appears to the court to be for the advantage of the estate or ward to raise money upon a note or notes secured by a mortgage of the real or p…
W.S. § 2-3-502 Authorization by court; contents of petition; hearing; objections; terms, etc., of order
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Authorization by court; contents of petition; hearing; objections; terms, etc., of order. (a) A petition to mortgage or lease under W.S. 2-3-501, or a petition to transfer, sell or assign royalty, overriding royalty, leasehold or other mineral interest, or to lease the mineral in…
W.S. § 2-3-503 Authorization by court; transfer of mineral interests; terms
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Authorization by court; transfer of mineral interests; terms. Proceedings may be had in the district court of each Wyoming county in which an estate in probate is being administered or a guardianship proceeding is pending, which involves real property, for authority to transfer, …
W.S. § 2-3-504 Authorization by court; transfer of mineral interests; prior leases validated
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Authorization by court; transfer of mineral interests; prior leases validated. All proceedings of the type herein authorized, which have been heretofore concluded in any court aforesaid, substantially consistent with the procedure herein authorized, and all unexpired leases of th…
W.S. § 2-3-601 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-602 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-603 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-604 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-605 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-606 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-607 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-608 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-609 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, §2.
W.S. § 2-3-610 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-611 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-612 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-613 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-614 Repealed By Laws 2001, Ch
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Repealed By Laws 2001, Ch. 11, § 2.
W.S. § 2-3-701 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-702 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-703 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-704 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-705 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-706 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-707 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-708 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-709 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-710 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-711 Repealed By Laws 1996, ch
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Repealed By Laws 1996, ch. 65, § 4.
W.S. § 2-3-801 Short title
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Short title. This act shall be known and may be cited as the "Wyoming Uniform Principal and Income Act".
W.S. § 2-3-802 (a) Definitions
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(a) Definitions. As used in this act: (i) "Accounting period" means a calendar year unless another twelve-month period is selected by a fiduciary. The term includes a portion of a calendar year or other twelve-month period that begins when an income interest begins or ends when a…
W.S. § 2-3-803 "This act" means W.S
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"This act" means W.S. 2-3-801 through 2-3-834. Fiduciary duties; general principles. (a) In allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of W.S. 2-3-806 through 2-3-810, a fiduciary: (i) Shall administer…
W.S. § 2-3-804 Trustee's power to adjust; liability of trustee
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Trustee's power to adjust; liability of trustee. (a) Subject to subsections (b) and (c) of this section, a trustee may adjust between principal and income to the extent the trustee considers necessary if the trustee invests and manages trust assets as a prudent investor, the term…
W.S. § 2-3-805 Notice of proposed action; objections of beneficiary; liability of trustee; proceedings
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Notice of proposed action; objections of beneficiary; liability of trustee; proceedings. (a) Unless a trust instrument requires otherwise, a trustee may give notice of proposed action regarding a matter governed by this act as provided in this section. For the purpose of this sec…
W.S. § 2-3-806 Determination and distribution of net income
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Determination and distribution of net income. (a) After a decedent dies, in the case of an estate, or after an income interest in a trust ends, the following rules apply: (i) A fiduciary of an estate or of a terminating income interest shall determine the amount of net income and…
W.S. § 2-3-807 Distribution to residuary and remainder beneficiaries
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Distribution to residuary and remainder beneficiaries. (a) Each beneficiary described in W.S. 2-3-806(a)(iv) is entitled to receive a portion of the net income equal to the beneficiary's fractional interest in undistributed principal assets, using values as of the distribution da…
W.S. § 2-3-808 When right to income begins and ends
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When right to income begins and ends. (a) An income beneficiary is entitled to net income from the date on which the income interest begins. An income interest begins on the date specified in the terms of the trust or, if no date is specified, on the date an asset becomes subject…
W.S. § 2-3-809 Apportionment of receipts and disbursements when decedent dies or income interest begins
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Apportionment of receipts and disbursements when decedent dies or income interest begins. (a) A trustee shall allocate an income receipt or disbursement other than one to which W.S. 2-3-806(a)(i) applies to principal if its due date occurs before a decedent dies in the case of an…
W.S. § 2-3-810 Apportionment when income interest ends
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Apportionment when income interest ends. (a) In this section, "undistributed income" means net income received before the date on which an income interest ends. The term does not include an item of income or expense that is due or accrued or net income that has been added or is r…
W.S. § 2-3-811 Character of receipts
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Character of receipts. (a) In this section, "entity" means a corporation, partnership, limited liability company, regulated investment company, real estate investment trust, common trust fund or any other organization in which a trustee has an interest other than a trust or estat…
W.S. § 2-3-812 Distribution from trust or estate
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Distribution from trust or estate. A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution …