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Principal and Income
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Principal and Income
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Section
2-3-801
Short Title.
Section
2-3-802
Definitions.
Section
2-3-803
Fiduciary Duties; General Principles.
Section
2-3-804
Trustee's Power to Adjust; Liability of Trustee.
Section
2-3-805
Notice of Proposed Action; Objections of Beneficiary; Liability of Trustee; Proceedings.
Section
2-3-806
Determination and Distribution of Net Income.
Section
2-3-807
Distribution to Residuary and Remainder Beneficiaries.
Section
2-3-808
When Right to Income Begins and Ends.
Section
2-3-809
Apportionment of Receipts and Disbursements When Decedent Dies or Income Interest Begins.
Section
2-3-810
Apportionment When Income Interest Ends.
Section
2-3-811
Character of Receipts.
Section
2-3-812
Distribution From Trust or Estate.
Section
2-3-813
Business and Other Activities Conducted by Trustee.
Section
2-3-814
Principal Receipts.
Section
2-3-815
Rental Property.
Section
2-3-816
Obligation to Pay Money.
Section
2-3-817
Insurance Policies and Similar Contracts.
Section
2-3-818
Insubstantial Allocation Not Required.
Section
2-3-819
Deferred Compensation, Annuities and Similar Payments.
Section
2-3-820
Liquidating Asset.
Section
2-3-821
Minerals, Water and Other Natural Resources.
Section
2-3-822
Timber.
Section
2-3-823
Property Not Productive of Income.
Section
2-3-824
Derivatives and Options.
Section
2-3-825
Asset-Backed Securities.
Section
2-3-826
Disbursements From Income.
Section
2-3-827
Disbursements From Principal.
Section
2-3-828
Transfers From Income to Principal for Depreciation.
Section
2-3-829
Transfers From Income to Reimburse Principal.
Section
2-3-830
Income Taxes.
Section
2-3-831
Adjustments Between Principal and Income.
Section
2-3-832
Judicial Control of Discretionary Powers.
Section
2-3-833
Uniformity of Application and Construction.
Section
2-3-834
Application of Act to Trusts and Estates; Principal Place of Administration.
Section
2-3-835
Trustee Discretion to Include Capital Gains in Income.