Wyo. Stat. § 4-10-1008
This is the official text of Wyo. Stat. § 4-10-1008, part of Wyoming’s Wyoming Statutes — the complete compiled statutory law of Wyoming, organized into 40+ numbered titles by subject.
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Exculpation of fiduciaries
Official statutory text
(a) A term of a trust relieving a fiduciary of liability for breach of trust is unenforceable to the extent that it:
(i) Relieves the fiduciary of liability for breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries; or
(ii) Was inserted as the result of an abuse by the fiduciary of a fiduciary or confidential relationship to the settlor.
(b) An exculpatory term drafted or caused to be drafted by the fiduciary is invalid as an abuse of a fiduciary or confidential relationship unless the fiduciary proves that the exculpatory term is fair under the circumstances and that its existence and contents were adequately communicated to the settlor.
(i) Relieves the fiduciary of liability for breach of trust committed in bad faith or with reckless indifference to the purposes of the trust or the interests of the beneficiaries; or
(ii) Was inserted as the result of an abuse by the fiduciary of a fiduciary or confidential relationship to the settlor.
(b) An exculpatory term drafted or caused to be drafted by the fiduciary is invalid as an abuse of a fiduciary or confidential relationship unless the fiduciary proves that the exculpatory term is fair under the circumstances and that its existence and contents were adequately communicated to the settlor.
Status: in_force · Read it on the official government site
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