4-10-1010. Limitation on personal liability of fiduciary.
(a) Except as otherwise provided in the contract, a fiduciary is not personally liable on a contract properly entered into in its capacity as a fiduciary in the course of administering the trust if the fiduciary in the contract disclosed the fiduciary capacity.
(b) A fiduciary is personally liable for torts committed in the course of administering a trust, or for obligations arising from ownership or control of trust property, including liability for violation of environmental law, only if the fiduciary is personally at fault.
(c) A claim based on a contract entered into by a fiduciary in its capacity as a fiduciary, on an obligation arising from ownership or control of trust property, or on a tort committed in the course of administering a trust, may be asserted in a judicial proceeding against the fiduciary in its capacity as a fiduciary, whether or not the fiduciary is personally liable for the claim.
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.