4-10-1013. Protection of person dealing with fiduciary.
(a) A person other than a beneficiary who in good faith assists a fiduciary, or who in good faith and for value deals with a fiduciary, without knowledge that the fiduciary is exceeding or improperly exercising the fiduciary's powers is protected from liability as if the fiduciary properly exercised the power.
(b) A person other than a beneficiary who in good faith deals with a fiduciary is not required to inquire into the extent of the fiduciary's powers or the propriety of their exercise.
(c) A person who in good faith delivers assets to a fiduciary need not ensure their proper application.
(d) A person other than a beneficiary who in good faith assists a former fiduciary, or who in good faith and for value deals with a former fiduciary, without knowledge that the appointment has terminated is protected from liability as if the former fiduciary were still a fiduciary.
(e) Comparable protective provisions of other laws relating to commercial transactions or transfer of securities by fiduciaries prevail over the protection provided by this section.
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.