2-3-910. Administration.
(a) In administering a total return unitrust, the trustee may, in its sole discretion, but subject to the provisions of the governing instrument, determine:
(i) The effective date of the conversion;
(ii) The timing of distributions, including provisions for prorating a distribution for a short year in which a beneficiary's right to payments commences or ceases;
(iii) Whether distributions are to be made in cash or in kind or partly in cash and partly in kind;
(iv) If the trust is reconverted to an income trust, the effective date of the reconversion; and
(v) Other administrative issues as may be necessary or appropriate to carry out the purposes of this act.
Structure Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Article 9 - Wyoming Unitrust Act
Section 2-3-901 - Short Title.
Section 2-3-902 - Definitions.
Section 2-3-903 - Unitrust Election by Trustee; Requirements to Make Unitrust Election.
Section 2-3-905 - Unitrust Election by Beneficiary; Ability to Request Trustee Action.
Section 2-3-906 - Settlor Created Unitrust.
Section 2-3-908 - Unitrust Percentages.
Section 2-3-909 - Treatment and Allocation of Income.
Section 2-3-910 - Administration.
Section 2-3-911 - Treatment of Underpayments or Overpayments.
Section 2-3-912 - Effect of Conversion on Governing Instrument.
Section 2-3-914 - Trustee's Liability.
Section 2-3-915 - Judicial Control of Discretionary Powers.