2-4-212. Creditors; when claims barred; effect on liens.
If the letters are not issued within the time specified, all claims of creditors are forever barred and the purchasers of the property of the decedent from the heirs of the decedent shall take the title free from any claim of creditors. This act does not affect the lien upon encumbered property secured by valid mortgage or deed of trust in the case of real property, or by security agreement or interest valid under the Wyoming Uniform Commercial Code, but the secured creditor is not entitled to any deficiency judgment.
Structure Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Chapter 4 - Intestate Succession
Article 2 - Procedure for Administration
Section 2-4-201 - Persons Entitled to Administer.
Section 2-4-202 - Appointment of Administrator(s).
Section 2-4-203 - Persons Incompetent to Administer.
Section 2-4-204 - Married Woman May Be Administratrix.
Section 2-4-206 - Contest of Petition; Assertion of Own Rights to Administer.
Section 2-4-207 - Hearing of Contest; Issuance of Letters.
Section 2-4-208 - When Letters Granted.
Section 2-4-209 - Letters Granted to Any Applicant if Not Contested.
Section 2-4-210 - Letters Granted on Request of Person Entitled.
Section 2-4-211 - Creditors; Right to Apply for Letters.
Section 2-4-212 - Creditors; When Claims Barred; Effect on Liens.
Section 2-4-213 - Transcript of Court Minutes to Be Evidence of Appointment.