4-10-901. Prudent investor rule; definitions.
(a) Except as otherwise provided in subsection (b) of this section, a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this article.
(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reasonable reliance on the provisions of the trust.
Structure Wyoming Statutes
Chapter 10 - Uniform Trust Code
Article 9 - Uniform Prudent Investor Act
Section 4-10-901 - Prudent Investor Rule; Definitions.
Section 4-10-902 - Standard of Care; Portfolio Strategy; Risk and Return Objectives.
Section 4-10-903 - Diversification.
Section 4-10-904 - Duties at Inception of Trusteeship.
Section 4-10-906 - Impartiality.
Section 4-10-907 - Investment Costs.
Section 4-10-908 - Reviewing Compliance.
Section 4-10-909 - Delegation of Investment and Management Functions.
Section 4-10-910 - Language Invoking Standard of This Article.
Section 4-10-911 - Application to Public Funds of the State of Wyoming.