Wyo. Stat. § 2-3-905
This is the official text of Wyo. Stat. § 2-3-905, part of Wyoming’s Wyoming Statutes — the complete compiled statutory law of Wyoming, organized into 40+ numbered titles by subject. This particular section falls under Title 2, “Wills, Decedents' Estates and Probate Code.”
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Unitrust election by beneficiary; ability to request trustee action
Official statutory text
(a) A beneficiary, who is receiving, or is entitled to receive, income under the trust or to receive a distribution of principal if the trust were terminated, may:
(i) Submit to the trustee a written request to convert an income trust to a total return unitrust;
(ii) Reconvert a total return unitrust to an income trust; or
(iii) Change the percentage used to calculate the unitrust amount pursuant to W.S. 2-3-904.
(b) If the trustee declines or fails to act within six (6) months of receipt of the written request, the beneficiary may petition the district court to order the conversion or adjustment.
(i) Submit to the trustee a written request to convert an income trust to a total return unitrust;
(ii) Reconvert a total return unitrust to an income trust; or
(iii) Change the percentage used to calculate the unitrust amount pursuant to W.S. 2-3-904.
(b) If the trustee declines or fails to act within six (6) months of receipt of the written request, the beneficiary may petition the district court to order the conversion or adjustment.
Status: in_force · Read it on the official government site
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