Wyoming Statutes

Wyo. Stat. § 1-26-713 (2026)

Loss of goodwill.

✓ current as of May 2026
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(a) In addition to fair market value determined under W.S.
1-26-704, the owner of a business conducted on the property
taken, or on the remainder if there is a partial taking, shall
be compensated for loss of goodwill only if the owner proves
that the loss:

          (i) Is caused by the taking of the property or the
injury to the remainder;

          (ii) Cannot reasonably be prevented by a relocation
of the business or by taking steps and adopting procedures that
a reasonably prudent person would take and adopt in preserving
the goodwill;

          (iii) Will not be included in relocation payments
under W.S. 16-7-101 through 16-7-121; and
          (iv) Will not be duplicated in the compensation
awarded to the owner.

     (b) Within the meaning of this section, "goodwill"
consists of the benefits that accrue to a business as a result
of its location, reputation for dependability, skill or quality
and any other circumstances resulting in probable retention of
old or acquisition of new patronage.
Notes of Decisions
Cited in 2 cases, 1995–2015 · leading case: West Virginia Dep't of Transp., Div. of Highways v. W. Pocahontas Props., L.P., 777 S.E.2d 619 (W. Va. 2015).
West Virginia Dep't of Transp., Div. of Highways v. W. Pocahontas Props., L.P., 777 S.E.2d 619 (W. Va. 2015). “510 (requiring the “owner of a business conducted on the property taken, or on the remainder if the property is part of a larger parcel, shall be compensated for loss of goodwill” if the owner provides certain proof); Wyo. Stat. Ann. § 1-26-713 (same); Fla. Stat.”
Pinewood Manor, Inc. v. Vermont Agency of Transp., 668 A.2d 653 (Vt. 1995). “510 (West 1982) (adopting § 1016 of Uniform Eminent Domain Code); Wyo. Stat. § 1-26-713 (1988) (adopting § 1016 of Uniform Eminent Domain Code); City of Detroit v.”
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