Wyoming Statutes

Wyo. Stat. § 4-10-1013 (2026)

Protection of person dealing with fiduciary.

✓ current as of May 2026

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(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.

Notes of Decisions

Cited in 2 cases (1 in the last 5 years), 2009–2022 · leading case: In the Matter of the Phyllis V. Mcdill Revocable Trust: Thomas P. Mcdill, Jr., In His Individual Capacity as Beneficiary & Successor Tr. of the Phyliss Mcdill Revocable Trust. v. Michael G. Mcdill, In His Individual Capacity as Beneficiary of the Phyliss Mcdill Revocable Trust, 2022 WY 40 (Wyo. 2022).

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In the Matter of the Phyllis V. Mcdill Revocable Trust: Thomas P. Mcdill, Jr., In His Individual Capacity as Beneficiary & Successor Tr. of the Phyliss Mcdill Revocable Trust. v. Michael G. Mcdill, In His Individual Capacity as Beneficiary of the Phyliss Mcdill Revocable Trust, 2022 WY 40 (Wyo. 2022). “[¶32] Turning to Thomas’s counterclaims which attack the validity of the third and fourth amendments to the trust, § 4-10-604(a) provides: Subject to the rights of persons dealing with a fiduciary as provided in W.S. 4-10-1013, a person may commence a judicial proceeding to…”

Mendoza v. Gonzales, 2009 WY 50 (Wyo. 2009). “(b) Subject to the rights of persons dealing with a fiduciary as provided in W.S. 4-10-1013, a sale, encumbrance or other transaction involving the investment or management of trust property entered into by the trustee for the trustee's own personal account or which is otherwise…”

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