Change 1 Article Choose an article 2-1-101. Short title. 2-1-102. Rules of construction and applicability. 2-1-103. Objections to appointments. 2-1-201. Payment of indebtedness and delivery of tangible personal property or instruments evidencing debt. 2-1-202. Effect; refusal to pay, deliver. 2-1-203. Deposits by minors or persons under a disability; joint and trust deposits; pay-on-death accounts. 2-1-204. Collection of claims of certain creditors of decedent by affidavit. 2-1-205. Summary procedure for distribution of personal or 2-1-206. Proof of publication and service; filing with clerk. 2-1-207. Missing distributees. 2-1-208. Venue generally. 2-1-209. "Distributee" defined. 2-1-301. Generally. 2-1-401. Right to disclaim. 2-1-402. Definitions. 2-1-403. Qualification; effective date. 2-1-404. Disposition of disclaimed interest. 2-1-405. Disclaimer on behalf of person under disability. 2-1-501. Disposal of controlled substances. 2-2-101. Exclusive jurisdiction conferred on district courts. 2-2-102. Venue generally. 2-2-103. Jurisdiction of estate of nonresident. 2-2-104. Court to remain open. 2-2-105. Repealed by Laws 2019, ch. 54, § 2. 2-2-106. Powers and duties of court commissioners; generally. 2-2-107. Powers and duties of court commissioners; compelling attendance of witnesses; process. 2-2-108. Powers and duties of court commissioners; 2-2-109. Authority of other judges to act when district judge sick. 2-2-110. When judge disqualified; exception. 2-2-111. Presumption after ten years notices properly given. 2-2-201. Records required to be kept; probate docket; reports to be made by commissioner. 2-2-202. Preparation and contents of probate docket; distribution of copies; call of docket. 2-2-203. Authority to approve bonds. 2-2-301. Contents of orders and decrees; recording. 2-2-302. Notice imparted from date of recording. 2-2-303. Citations; requirements generally; contents. 2-2-304. Citations; issuance. 2-2-305. Citations; service. 2-2-306. Citations; used to give personal notice. 2-2-307. Citations; when to be served. 2-2-308. Provisions of Rules of Civil Procedure applicable; parties. 2-2-309. Trial by court or jury. 2-2-310. Appointment of attorney for minors or 2-2-311. Payment of costs. 2-2-312. Service of process on guardian; right of guardian to waive. 2-2-401. Schedule; additional charges. 2-2-402. Responsibility of clerk for collection; distribution. 2-2-403. Allowance where not specially provided. 2-2-404. Payment of court commissioner. 2-3-101. Oath. 2-3-102. Bond required; sureties; form; amount; ascertaining value of property. 2-3-103. Letters and bonds to be recorded. 2-3-104. Appointment orders to state qualification time; lapses. 2-3-105. Additional bond required upon sale of real estate; when required. 2-3-106. Additional bond required upon sale of real estate; conditions. 2-3-107. Separate bond required from each personal representative. 2-3-108. Several recoveries on same bond allowed. 2-3-109. Ordering sureties to appear for property value 2-3-110. When sufficient security not given in time. 2-3-111. When no bond required; generally. 2-3-112. When no bond required; suspension of powers upon allegation of waste. 2-3-113. Requiring further security; petition. 2-3-114. Requiring further security; citation to personal representative; service. 2-3-115. Requiring further security; hearing; order therefor or new bond. 2-3-116. Requiring further security; failure to comply. 2-3-117. Ordering further security without application. 2-3-118. Relief of sureties; application; citation and service. 2-3-119. Relief of sureties; release order. 2-3-120. Relief of sureties; revocation of letters. 2-3-121. Revoking intestacy administration if will later allowed; generally. 2-3-122. Revoking intestacy administration if will later allowed; authority of personal representative. 2-3-123. Remaining personal representatives to continue if one disqualified. 2-3-124. New appointment to be made if all personal representatives die; bond; authority. 2-3-125. Resignation of personal representative; 2-3-126. Acts valid until power revoked. 2-3-127. Suspension of personal representative's powers for waste; order. 2-3-128. Suspension of personal representative's powers for waste; notice to show cause. 2-3-129. Suspension of personal representative's powers for waste; hearing and determination. 2-3-130. Suspension of personal representative's powers for waste; notice by publication. 2-3-131. Suspension of personal representative's powers for waste; compelling attendance and answers. 2-3-132. Petition for revocation by prior claimant; generally. 2-3-133. Petition for revocation by prior claimant; citation to personal representative. 2-3-134. Petition for revocation by prior claimant; hearing and disposition. 2-3-135. Petition for revocation by prior claimant; prior right of surviving spouse. 2-3-136. Hearing upon affidavit of interested person; authority to order. 2-3-137. Hearing upon affidavit of interested person; citation and service thereof. 2-3-138. Hearing upon affidavit of interested person; proceedings and disposition. 2-3-201. Short title. 2-3-202. Definitions. 2-3-203. Responsibility and rights of persons dealing with fiduciaries. 2-3-204. Liability of bank; payment of checks signed by fiduciary. 2-3-205. Liability of bank; when check drawn on principal by fiduciary. 2-3-206. Liability of bank; receiving deposit from fiduciary. 2-3-207. Liability of bank; when check drawn by trustee. 2-3-208. Succession of fiduciary powers when bank consolidates with another. 2-3-209. Applicability; generally. 2-3-210. Applicability; rules of law and equity. 2-3-211. Interpretation and construction. 2-3-301. Standard for fiduciaries; authority to acquire and retain property and investments. 2-3-302. Departures from express terms of wills not 2-3-303. Authority of court to allow deviation from terms. 2-3-304. Applicability; generally. 2-3-305. Applicability; state funds excepted. 2-3-401. Short title. 2-3-402. Authority to establish; purpose. 2-3-403. Accounting. 2-3-404. Common trust fund distinct from participating fiduciaries. 2-3-405. "Affiliated" defined. 2-3-406. Exemption. 2-3-501. Authorization by court; generally. 2-3-502. Authorization by court; contents of petition; hearing; objections; terms, etc., of order. 2-3-503. Authorization by court; transfer of mineral interests; terms. 2-3-504. Authorization by court; transfer of mineral interests; prior leases validated. 2-3-601. Repealed By Laws 2001, Ch. 11, § 2. 2-3-602. Repealed By Laws 2001, Ch. 11, § 2. 2-3-603. Repealed By Laws 2001, Ch. 11, § 2. 2-3-604. Repealed By Laws 2001, Ch. 11, § 2. 2-3-605. Repealed By Laws 2001, Ch. 11, § 2. 2-3-606. Repealed By Laws 2001, Ch. 11, § 2. 2-3-607. Repealed By Laws 2001, Ch. 11, § 2. 2-3-608. Repealed By Laws 2001, Ch. 11, § 2. 2-3-609. Repealed By Laws 2001, Ch. 11, §2. 2-3-610. Repealed By Laws 2001, Ch. 11, § 2. 2-3-611. Repealed By Laws 2001, Ch. 11, § 2. 2-3-612. Repealed By Laws 2001, Ch. 11, § 2. 2-3-613. Repealed By Laws 2001, Ch. 11, § 2. 2-3-614. Repealed By Laws 2001, Ch. 11, § 2. 2-3-701. Repealed By Laws 1996, ch. 65, § 4. 2-3-702. Repealed By Laws 1996, ch. 65, § 4. 2-3-703. Repealed By Laws 1996, ch. 65, § 4. 2-3-704. Repealed By Laws 1996, ch. 65, § 4. 2-3-705. Repealed By Laws 1996, ch. 65, § 4. 2-3-706. Repealed By Laws 1996, ch. 65, § 4. 2-3-707. Repealed By Laws 1996, ch. 65, § 4. 2-3-708. Repealed By Laws 1996, ch. 65, § 4. 2-3-709. Repealed By Laws 1996, ch. 65, § 4. 2-3-710. Repealed By Laws 1996, ch. 65, § 4. 2-3-711. Repealed By Laws 1996, ch. 65, § 4. 2-3-801. Short title. 2-3-802. Definitions. 2-3-803. Fiduciary duties; general principles. 2-3-804. Trustee's power to adjust; liability of trustee. 2-3-805. Notice of proposed action; objections of beneficiary; liability of trustee; proceedings. 2-3-806. Determination and distribution of net income. 2-3-807. Distribution to residuary and remainder beneficiaries. 2-3-808. When right to income begins and ends. 2-3-809. Apportionment of receipts and disbursements when decedent dies or income interest begins. 2-3-810. Apportionment when income interest ends. 2-3-811. Character of receipts. 2-3-812. Distribution from trust or estate. 2-3-813. Business and other activities conducted by trustee. 2-3-814. Principal receipts. 2-3-815. Rental property. 2-3-816. Obligation to pay money. 2-3-817. Insurance policies and similar contracts. 2-3-818. Insubstantial allocation not required. 2-3-819. Deferred compensation, annuities and similar payments. 2-3-820. Liquidating asset. 2-3-821. Minerals, water and other natural resources. 2-3-822. Timber. 2-3-823. Property not productive of income. 2-3-824. Derivatives and options. 2-3-825. Asset-backed securities. 2-3-826. Disbursements from income. 2-3-827. Disbursements from principal. 2-3-828. Transfers from income to principal for depreciation. 2-3-829. Transfers from income to reimburse principal. 2-3-830. Income taxes. 2-3-831. Adjustments between principal and income. 2-3-832. Judicial control of discretionary powers. 2-3-833. Uniformity of application and construction. 2-3-834. Application of act to trusts and estates; principal place of administration. 2-3-835. Trustee discretion to include capital gains in income. 2-3-901. Short title. 2-3-902. Definitions. 2-3-903. Unitrust election by trustee; requirements to make unitrust election. 2-3-904. Unitrust election where there is no trustee other 2-3-905. Unitrust election by beneficiary; ability to request trustee action. 2-3-906. Settlor created unitrust. 2-3-907. Valuations. 2-3-908. Unitrust percentages. 2-3-909. Treatment and allocation of income. 2-3-910. Administration. 2-3-911. Treatment of underpayments or overpayments. 2-3-912. Effect of conversion on governing instrument. 2-3-913. Situs. 2-3-914. Trustee's liability. 2-3-915. Judicial control of discretionary powers. 2-3-916. Limitation of election. 2-3-917. Application. 2-3-1001. Uniform Fiduciary Access to Digital Assets Act; short title. 2-3-1002. Definitions. 2-3-1003. Applicability. 2-3-1004. User direction for disclosure of digital assets. 2-3-1005. Terms of service agreement. 2-3-1006. Procedure for disclosing digital assets. 2-3-1007. Disclosure of the content of electronic communications of a deceased user. 2-3-1008. Disclosure of other digital assets of a deceased user. 2-3-1009. Disclosure of content of electronic communications of a principal. 2-3-1010. Disclosure of other digital assets of a principal. 2-3-1011. Disclosure of digital assets held in trust when trustee is original user. 2-3-1012. Disclosure of the content of electronic 2-3-1013. Disclosure of other digital assets held in trust when trustee not original user. 2-3-1014. Disclosure of digital assets to conservator of a ward. 2-3-1015. Fiduciary duty and authority. 2-3-1016. Custodian compliance and immunity. 2-3-1017. Relation to Electronic Signatures in Global and National Commerce Act. 2-4-101. Rule of descent; generally; dower and curtesy abolished. 2-4-102. Repealed by Laws 2019, ch. 125, § 2. 2-4-103. Posthumous persons. 2-4-104. Kindred of half blood; stepchildren; foster children. 2-4-105. Alienage not to affect inheritance; exception; burden of proof; when property to escheat to state. 2-4-106. Divorce not to affect children's rights. 2-4-107. Determination of relationship of parent and child. 2-4-108. Advancements generally; exceptions; determination. 2-4-201. Persons entitled to administer. 2-4-202. Appointment of administrator(s). 2-4-203. Persons incompetent to administer. 2-4-204. Married woman may be administratrix. 2-4-205. Petition for letters of administration; contents; effect of want of jurisdictional averments. 2-4-206. Contest of petition; assertion of own rights to administer. 2-4-207. Hearing of contest; issuance of letters. 2-4-208. When letters granted. 2-4-209. Letters granted to any applicant if not contested. 2-4-210. Letters granted on request of person entitled. 2-4-211. Creditors; right to apply for letters. 2-4-212. Creditors; when claims barred; effect on liens. 2-4-213. Transcript of court minutes to be evidence of appointment. 2-4-214. Form of letters of administration . 2-5-101. Elective share of property. 2-5-102. Waiver of right of election and homestead allowance. 2-5-103. Homestead allowance, exempt property and family allowance; exception. 2-5-104. Duty of court to advise as to right of election. 2-5-105. Time limit and procedure for elective share. 2-6-101. Right to make and dispose; exception. 2-6-102. All property deemed passed; "property" defined. 2-6-103. Property passed may be governed by trust instrument. 2-6-104. Law governing meaning and effect. 2-6-105. Rules of construction and intention. 2-6-106. Antilapse; deceased devisees; class gifts. 2-6-107. Failure of a testamentary provision. 2-6-108. Specific devise of securities; accessions; nonademption. 2-6-109. Nonademption of specific devises where sold by conservator; exception; rights of specific devisee. 2-6-110. Exercise of power of appointment. 2-6-111. Nonexoneration. 2-6-112. Will to be in writing; number and competency of 2-6-113. Holographic will. 2-6-114. Self-proving wills. 2-6-115. Who may witness. 2-6-116. Validity of execution. 2-6-117. Revocation by writing or by act. 2-6-118. Repealed by Laws 2023, ch. 140, § 2. 2-6-119. Duty of custodian to deliver will; failure to comply; order to third persons. 2-6-120. Notification of executor; disposition where no petition filed. 2-6-121. Petition and procedure for filing of will without probate or administration. 2-6-122. Petition and procedure for filing and probate of will without administration. 2-6-123. Filing of will, with or without probate not to bar collection by affidavit. 2-6-124. Written statement referred to in will disposing of certain personal property. 2-6-125. Revocation of probate and nonprobate transfers by 2-6-201. Contents of petition; defect in jurisdictional statement inconsequential. 2-6-202. Failure of executor to petition; appointment of administrator. 2-6-203. Hearing upon petition; notice not required. 2-6-204. Proof; self-proving will. 2-6-205. Proof; wills not self-proving. 2-6-206. Proof; holographic wills. 2-6-207. Proof; lost or destroyed will; court may restrain personal representatives pending disposition. 2-6-208. Order of preference for appointment of executor. 2-6-209. Order admitting or disallowing probate; mailing of copies. 2-6-210. Form of letters testamentary. 2-6-211. Authority of executor not designated in will. 2-6-301. Filing and contents of petition to revoke. 2-6-302. Summons and notification; proceedings governed by civil rules. 2-6-303. Annulment and revocation. 2-6-304. Cessation of executor's powers; immunity. 2-6-305. Liability for payment of contest costs. 2-6-306. When probate deemed conclusive. 2-7-101. Presumption of death; how estate handled. 2-7-102. Penalty for administering without proving will or taking letters of administration. 2-7-103. Personal representative to take possession of estate. 2-7-104. Actions maintainable by or against personal representatives; right generally. 2-7-105. Actions maintainable by or against personal representatives; actions for waste by representatives. 2-7-106. Actions maintainable by or against personal 2-7-107. Disposition of partnership business. 2-7-108. Actions on bond of former representatives. 2-7-109. Compromise of claims; owed to estate. 2-7-110. Compromise of claims; against estate. 2-7-201. Admission of will or estate to probate and appointment of personal representative; contents; form. 2-7-202. Public auction of real or personal property; contents. 2-7-203. Order to show cause for setting off exempt property; form. 2-7-204. Final account and petition for distribution; form. 2-7-205. Parties entitled to receive. 2-7-206. Proof by affidavit; filing thereof. 2-7-301. Appointment of special administrator; when to be made. 2-7-302. Appointment of special administrator; entry of order and issuance of letters. 2-7-303. Appointment of special administrator; preferences; appeal precluded. 2-7-304. Special administrator; surety and oath. 2-7-305. Special administrator; powers and duties; no liability to creditors. 2-7-306. Special administrator; cessation of powers. 2-7-307. Special administrator; rendition of account. 2-7-401. Personal representative entitled to possession of 2-7-402. Title to decedent's property; subject to administration and payment of debts; priorities. 2-7-403. Return of inventory of estate by representative; failure to comply; disposition of fines. 2-7-404. Report of appraisal; verification of values of estate assets. 2-7-405. Repealed by Laws 1985, ch. 15, § 2. 2-7-406. Repealed by Laws 1985, ch. 15, § 2. 2-7-407. Effect of naming debtor as personal representative. 2-7-408. Discharge or bequest of debt or demand not valid against creditors. 2-7-409. Failure to file inventory or appraisement. 2-7-410. Appraisement of after-discovered property; filing; enforcement. 2-7-411. Liability for embezzlement or alienation of monies before letters granted. 2-7-412. Citation to persons suspected of having concealed monies; generally. 2-7-413. Citation to persons suspected of having concealed 2-7-414. Citation of persons entrusted with monies for accounting. 2-7-501. Right to homestead and support; "homestead" defined. 2-7-502. Extra allowance for maintenance of family. 2-7-503. Preference and payment of allowances; exceptions. 2-7-504. Absolute property of surviving spouse and minor children; exceptions; renouncement of will of no effect. 2-7-505. Procedure for setting off exempt property. 2-7-506. Homestead to be set apart by court; payment of liens or encumbrances. 2-7-507. Duty of appraisers to appraise and divide homestead. 2-7-508. Amount of homestead exemption. 2-7-509. Costs of proceedings; homestead exempt from claims against estate. 2-7-601. When conveyance required; generally. 2-7-602. When conveyance required; time and place for hearing; notice. 2-7-603. When conveyance required; hearing. 2-7-604. When conveyance required; order for conveyance; journal entry. 2-7-605. When conveyance required; execution. 2-7-606. When conveyance required; dismissal of petition; specific performance. 2-7-607. When conveyance required; title to pass. 2-7-608. When conveyance required; right of successor to enforce. 2-7-609. When power given in will. 2-7-610. Equitable conversion; effect thereof. 2-7-611. When real property deemed personalty; when personalty deemed real property. 2-7-612. Purposes for which realty or personalty may be sold; exempt personal property and homestead. 2-7-613. Sale of personalty without court order. 2-7-614. Petition to sell; generally. 2-7-615. Petition to sell; notice and hearing; exception; court order. 2-7-616. Sale subject to mortgage. 2-7-617. Extension of credit in sales. 2-7-618. Purchase by holder of lien. 2-7-619. Bond to prevent sale; liability for breach; effect of compliance. 2-7-620. Collateral attacks precluded. 2-7-621. Order for sale, generally. 2-7-622. Notice of auction required. 2-7-623. Adjournment of sale. 2-7-624. Verified report required; confirmation of sale, by court; hearing may be ordered. 2-7-625. Joining report with petition. 2-7-626. Recording. 2-7-627. Optional procedure. 2-7-701. Debts and charges; classification. 2-7-702. Debts and charges; order of payment. 2-7-703. Filing required; failure to do so constitutes bar; exceptions. 2-7-704. Affidavit and other required supporting documentation. 2-7-705. Future, contingent and unliquidated claims. 2-7-706. Claim based on cause of action surviving decedent's death. 2-7-707. Repayment of public assistance. 2-7-708. Personal claims of personal representatives. 2-7-709. Actions pending against decedent at time of death. 2-7-710. Judgments rendered against decedent before death; execution thereon limited. 2-7-711. Judgments rendered against decedent after death. 2-7-712. Allowance and rejection of claims. 2-7-713. Claims allowed in part. 2-7-714. Claims barred by statute of limitations precluded. 2-7-715. Adjudication of propriety in handling claims prior to final report. 2-7-716. Stay of probate proceedings pending final disposition of claims and litigation. 2-7-717. Action precluded until claim rejected; exception. 2-7-718. Action on rejected claim; limitations. 2-7-719. Certified copy of judgments to be filed; effect thereof. 2-7-720. Short title; citation. 2-7-721. Application of act. 2-7-722. Presumptions as to applicability of act. 2-7-723. Distribution of property upon death of a married person. 2-7-724. Claim to community property; perfection of title in surviving spouse. 2-7-725. Claim to community property; perfection of title to decedent's interest in community property. 2-7-726. Rights of a purchaser for value; duty to inquire; rights to proceeds from sale or security interest. 2-7-727. Rights of creditors not affected. 2-7-728. Rights of spouses to alter interests in community property. 2-7-729. Testamentary disposition limited. 2-7-801. Declaration of policy; clerk to maintain 2-7-802. Expenses of administration; standard; how paid. 2-7-803. Fees of personal representative; schedule. 2-7-804. Fees of attorney for estate; schedule. 2-7-805. Allowance and payment of personal representative's fees and attorney fees; limitations. 2-7-806. Verified interim report and accounting. 2-7-807. Distribution before final settlement; notice; hearing; costs. 2-7-808. Order of abatement. 2-7-809. Contribution among legatees. 2-7-810. Federal capital gains tax; minimum preference tax; apportionment. 2-7-811. Final report and accounting and petition for distribution; contents; notice and hearing thereon. 2-7-812. Payment of all taxes prerequisite; filing of documents. 2-7-813. Final decree of distribution. 2-7-814. Discharge of personal representative. 2-7-815. Closing of estates. 2-8-101. After-discovered property or correction of property description. 2-8-102. Contents of petition; notice of hearing. 2-8-103. Proceedings upon hearing; supplemental orders or decrees. 2-9-101. Petition to establish rights upon death of owner 2-9-102. Affidavit of survivorship; recordation; copy of death certificate to be attached. 2-9-103. Affidavit of survivorship; prima facie evidence; procedure deemed independent. 2-9-201. Application by petition two years after death; where filed. 2-9-202. Application by petition two years after death; fixing time for hearing; notice thereof; contents. 2-9-203. Application by petition two years after death; hearing; determination and decree. 2-9-204. Procedure when applicant for public land dies and patent issued to heirs. 2-10-101. Short title. 2-10-102. Definitions. 2-10-103. Among all persons interested in estate; exception. 2-10-104. Probate court to determine; discretion allowed; presumption of correctness. 2-10-105. Withholding upon distribution of estate; right 2-10-106. Allowances for exemptions or deductions and credits. 2-10-107. Charging temporary interest and remainder. 2-10-108. Institution of actions or proceedings to recover tax; generally; apportionment of amounts not collected. 2-10-109. Institution of actions or proceedings to recover tax; actions by nonresidents. 2-10-110. Interpretation and construction. 2-11-101. Short title and construction. 2-11-102. Where allowed and recorded. 2-11-103. When to be filed. 2-11-104. Admission to probate; effect. 2-11-105. Procedure when foreign law does not require probate; filing, recording and effect. 2-11-201. Probate of estates of nonresidents. 2-11-202. Nonresident property in Wyoming; disposition. 2-11-301. Naming of executors and trustees; generally; 2-11-302. Naming of executors and trustees; powers; generally. 2-11-303. Naming of executors and trustees; limitations. 2-12-101. Filing of petition; information to be shown; appointing day for hearing. 2-12-102. Publication of notice of hearing; service on persons named in petition. 2-12-103. Hearing on petition; appointment of trustee. 2-12-104. Preference in appointing trustee. 2-12-105. Bond of trustee. 2-12-106. Trustee to take possession of property; powers and duties generally; removal of trustee; sale of property. 2-13-101. Short title. 2-13-102. Applicability of provisions. 2-13-103. Disposition of property based on presumption of survivorship. 2-13-104. Beneficiaries. 2-13-105. Joint tenants or tenants by the entirety. 2-13-106. Life or accident insurance proceeds. 2-13-107. Construction and interpretation. 2-14-101. Taking of life precludes one from inheritance, 2-14-201. Renumbered by Laws 1982, ch. 54, § 7. 2-14-202. Renumbered by Laws 1982, ch. 54, § 7. 2-15-101. Court may appoint agent to care for property. 2-15-102. Bond of agent; compensation. 2-15-103. Locating person entitled; proceedings if unable. 2-15-104. Disposition of unclaimed property. 2-15-105. Agent to render annual account; information to be shown; hearing; court may order sale of property. 2-15-106. Liability of agent. 2-15-107. Repealed by Laws 1993, ch. 213, § 3. 2-16-101. Short title; rules of construction. 2-16-102. Definitions. 2-16-103. Registration in beneficiary form; sole or joint tenancy ownership. 2-16-104. Registration in beneficiary form; applicable law. 2-16-105. Origination of registration in beneficiary form. 2-16-106. Form of registration in beneficiary form. 2-16-107. Effect of registration in beneficiary form. 2-16-108. Ownership on death of owner. 2-16-109. Protection of registering entity. 2-16-110. Nontestamentary transfer on death. 2-16-111. Terms, conditions and forms for registration. 2-16-112. Application of act. 2-17-101. Authority to authorize burial or cremation; 2-18-101. Short title. 2-18-102. Definitions. 2-18-103. Transfer on death deed. 2-18-104. Form of transfer on death deed. 2-18-105. Form for revoking a transfer on death deed. 2-18-106. Disclaimer.
What to do with it
As published
2-3-820. Liquidating asset.
(a) In this section, "liquidating asset" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a period of limited duration. The term includes a leasehold, patent, copyright, royalty right and right to receive payments during a period of more than one (1) year under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to W.S. 2-3-819, resources subject to W.S. 2-3-821, timber subject to W.S. 2-3-822, an activity subject to W.S. 2-3-824, an asset subject to W.S. 2-3-825 or any asset for which the trustee establishes a reserve for depreciation under W.S. 2-3-828.
(b) A trustee shall allocate to income ten percent (10%) of the receipts from a liquidating asset and the balance to principal.
Your wording
Your change, as a redline
2-3-820. Liquidating asset.
(a) In this section, "liquidating asset" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a period of limited duration. The term includes a leasehold, patent, copyright, royalty right and right to receive payments during a period of more than one (1) year under an arrangement that does not provide for the payment of interest on the unpaid balance. The term does not include a payment subject to W.S. 2-3-819, resources subject to W.S. 2-3-821, timber subject to W.S. 2-3-822, an activity subject to W.S. 2-3-824, an asset subject to W.S. 2-3-825 or any asset for which the trustee establishes a reserve for depreciation under W.S. 2-3-828.
(b) A trustee shall allocate to income ten percent (10%) of the receipts from a liquidating asset and the balance to principal.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.