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Section 2-3-905 - Unitrust Election by Beneficiary; Ability to Request Trustee Action.

WY Stat § 2-3-905 (2019) (N/A)
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2-3-905. Unitrust election by beneficiary; ability to request trustee action.

(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.

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Section 2-3-904 - Unitrust Election Where There Is No Trustee Other Than an Interested Trustee; Requirements to Make Unitrust Election.
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Section 2-3-906 - Settlor Created Unitrust.