Section 4-10-908 – Reviewing Compliance.
4-10-908. Reviewing compliance. Compliance with the prudent investor rule under this article is determined in light of the facts and circumstances existing at the time of a trustee’s decision or action and not by hindsight.
Section 4-10-909 – Delegation of Investment and Management Functions.
4-10-909. Delegation of investment and management functions. (a) A trustee may delegate investment and management functions that a prudent trustee of comparable skills could properly delegate under the circumstances. The trustee shall exercise reasonable care, skill and caution in: (i) Selecting an agent; (ii) Establishing the scope and terms of the delegation, consistent with the […]
Section 4-10-910 – Language Invoking Standard of This Article.
4-10-910. Language invoking standard of this article. (a) The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this article: (i) “Investments permissible by law for investment of trust funds”; (ii) “Legal investments”; (iii) “Authorized investments”; (iv) “Using the judgment and […]
Section 4-10-911 – Application to Public Funds of the State of Wyoming.
4-10-911. Application to public funds of the state of Wyoming. This article applies to public funds of the state of Wyoming unless a different investment standard is specifically provided for the investment of specified public funds.
Section 4-10-913 – Short Title.
4-10-913. Short title. This article may be cited as the “Wyoming Uniform Prudent Investor Act.”
Section 4-10-906 – Impartiality.
4-10-906. Impartiality. If a trust has two (2) or more beneficiaries, the trustee shall act impartially in investing and managing the trust assets, taking into account any differing interests of the beneficiaries.
Section 4-10-907 – Investment Costs.
4-10-907. Investment costs. In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Section 4-10-901 – Prudent Investor Rule; Definitions.
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 […]
Section 4-10-902 – Standard of Care; Portfolio Strategy; Risk and Return Objectives.
4-10-902. Standard of care; portfolio strategy; risk and return objectives. (a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution. (b) A trustee’s investment and […]
Section 4-10-903 – Diversification.
4-10-903. Diversification. A trustee shall diversify the investments of the trust unless the trustee reasonably determines that, because of special circumstances, the purposes of the trust are better served without diversifying.