2-3-915. Judicial control of discretionary powers.
(a) A court shall not change a trustee's decision to exercise or not to exercise a discretionary power conferred by this act unless it determines that the decision was an abuse of the trustee's discretion. A court shall not determine that a trustee abused its discretion merely because the court would have exercised the discretion in a different manner or would not have exercised the discretion.
(b) Where a beneficiary elects to challenge an action or nonaction by a trustee or disinterested party under the powers and authority granted in the party under this act, the beneficiary has the burden of establishing, by a preponderance of the evidence, that the actions or nonactions by a trustee or a disinterested party abused the trustee's or the party's discretion. A beneficiary who fails to state a basis or reason for an objection or fails to prove by a preponderance of the evidence the proposed action should be taken or should not be taken shall be liable to all other beneficiaries for damages and costs associated with the objection.
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.