The term "purchaser", as used in this act shall be construed to embrace every person to whom any estate or interest in real estate shall be conveyed for a valuable consideration, and also every assignee of a mortgage or lease, or other conditional estate.
Wyo. Stat. Ann. § 34-1-101
"Purchaser" defined
Known as the Model Rule Against Perpetuities Act
The act spans §§ 34–34 (59 sections).
Applied in 2 court decisions — leading case Anne Holding and Crandall Creek Ranch, Co., a Wyoming corporation v. Larry Luckinbill the Larry Lee Luckinbill Living Trust John Lennon and Melanie Lennon (2022)
Most recently applied in CIBC National Trust Company, of the Estate of Julie Anne Bell, and Trustee of the Julie Anne Bell Revocable Living Trust Dated December 16, 2014, as Amended and Restated v. Patrick Lawler Dominick (May 2022)
Official source: Wyoming Legislature. Reproduced from public-domain Wyoming statutes; confirm against the official source for the current text. Not legal advice.