Public-domain · open source
OpenJurist

Wyo. Stat. Ann. § 2-3-826

Disbursements from income

Known as the Wyoming Uniform Principal and Income Act

The act spans §§ 2–2 (35 sections).

(a) A trustee shall make the following disbursements from income to the extent that they are not disbursements to which W.S. 2-3-806(a)(ii)(B) or (C) applies:

(i) Interest, except interest on taxes as provided in W.S. 2-3-827(a)(vi);

(ii) Ordinary repairs and maintenance of real estate;

(iii) Real estate taxes and other regularly recurring taxes assessed against principal; and (iv) Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.

Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.