4-10-1005. Limitation of action against fiduciary.
(a) A beneficiary may not commence a proceeding against a fiduciary for breach of trust more than two (2) years after the date the beneficiary or a representative of the beneficiary received a report that adequately disclosed the existence of a potential claim for breach of trust and informed the beneficiary of the time allowed for commencing a proceeding.
(b) A report adequately discloses the existence of a potential claim for breach of trust if it provides sufficient information so that the beneficiary or representative knows of the potential claim or should have inquired into its existence.
(c) If subsection (a) of this section does not apply, a judicial proceeding by a beneficiary against a fiduciary for breach of trust shall be commenced within three (3) years after the first of the following to occur:
(i) The removal, resignation or death of the fiduciary;
(ii) The termination of the beneficiary's interest in the trust; or
(iii) The termination of the trust.
Structure Wyoming Statutes
Chapter 10 - Uniform Trust Code
Article 10 - Liability of Fiduciaries and Rights of Persons Dealing With Fiduciaries
Section 4-10-1001 - Remedies for Breach of Trust.
Section 4-10-1002 - Damages for Breach of Trust.
Section 4-10-1003 - Damages in Absence of Breach.
Section 4-10-1004 - Attorney's Fees and Costs.
Section 4-10-1005 - Limitation of Action Against Fiduciary.
Section 4-10-1006 - Reliance on Trust Instrument.
Section 4-10-1007 - Event Affecting Administration or Distribution.
Section 4-10-1008 - Exculpation of Fiduciaries.
Section 4-10-1009 - Beneficiary's Consent, Release or Ratification.
Section 4-10-1010 - Limitation on Personal Liability of Fiduciary.
Section 4-10-1011 - Liability of Successor Fiduciaries for Actions of Predecessor.
Section 4-10-1012 - Interest of Trustee as General Partner.
Section 4-10-1013 - Protection of Person Dealing With Fiduciary.