{"data":{"id":"us-wy/wyo.-stat.-2-3-904","jurisdiction":"us-wy","citation":"Wyo. Stat. § 2-3-904","heading":"Unitrust election where there is no trustee other than an interested trustee; requirements to make unitrust election.","body":"(a) If there is no trustee of the trust other than an interested trustee, the interested trustee, or where two (2) or more persons are acting as trustees and are interested trustees, a majority of the interested trustees, in its sole discretion and without the approval of the district court, may:\n(i) Elect to release the power to adjust described in W.S. 2-3-804 and to convert an income trust to a total return unitrust;\n(ii) Reconvert a total return unitrust to an income trust and reinstate the power to adjust described in W.S. 2-3-804; or\n(iii) Change the percentage used to calculate the unitrust amount or the method used to determine the fair market value of the trust if the requirements of W.S. 2-3-903(a) through (f) are completed and the trustee appoints a disinterested person who, in its sole discretion but acting in a fiduciary capacity, determines for the trustee:\n(A) The percentage to be used to calculate the unitrust amount;\n(B) The method to be used in determining the fair market value of the trust; and\n(C) Which assets, if any are to be excluded in determining the unitrust amount.","path":["TITLE 2 - WILLS, DECEDENTS' ESTATES AND PROBATE CODE","CHAPTER 3 - FIDUCIARIES","ARTICLE 9 - WYOMING UNITRUST ACT"],"source_url":"https://wyoleg.gov/statutes/compress/title02.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:31Z","sha256":"b7f5f00a0ebb33507457060b1cf05bda038ac7c7da44090f9b9de38a47ddaeeb","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-2-3-903","next":"us-wy/wyo.-stat.-2-3-905"},"notice":"GroundRules: Original legal text. Not legal advice."}