2-3-208. Succession of fiduciary powers when bank consolidates with another.
In the event of the merger or the consolidation of any bank, banking association, loan and trust company, named as personal representative, trustee under trust agreement, guardian of minors or incompetents, trustee for bond issue, escrow agent, holder of real estate titles, receiver or agent, the successor of the bank, banking association, or loan and trust company, shall by virtue of the merger, consolidation or succession, succeed to all the fiduciary powers, privileges, benefits, obligations, duties and liabilities of its predecessor, and shall carry out all the duties and obligations imposed upon its predecessor as the personal representative, trustee under trust agreement, guardian of minors or incompetents, trustee for bond issue, escrow agent, holder of real estate titles, receiver or agent, as if it had been originally named in the instrument or instruments creating the fiduciary relation.
Structure Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Article 2 - Uniform Provisions
Section 2-3-201 - Short Title.
Section 2-3-202 - Definitions.
Section 2-3-203 - Responsibility and Rights of Persons Dealing With Fiduciaries.
Section 2-3-204 - Liability of Bank; Payment of Checks Signed by Fiduciary.
Section 2-3-205 - Liability of Bank; When Check Drawn on Principal by Fiduciary.
Section 2-3-206 - Liability of Bank; Receiving Deposit From Fiduciary.
Section 2-3-207 - Liability of Bank; When Check Drawn by Trustee.
Section 2-3-208 - Succession of Fiduciary Powers When Bank Consolidates With Another.
Section 2-3-209 - Applicability; Generally.