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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A trustee or other fiduciary shall discharge duties with respect to a retirement system:
(i) Solely in the interest of the participants and beneficiaries;
(ii) For the exclusive purpose of providing benefits to participants and beneficiaries and paying reasonable expenses of administering the system;
(iii) With the care, skill and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose;
(iv) Impartially, taking into account any differing interests of participants and beneficiaries;
(v) Incurring only costs that are appropriate and reasonable; and
(vi) In accordance with a good-faith interpretation of the law governing the retirement program and system.
Cite this article: FindLaw.com - Wyoming Statutes Title 9. Administration of the Government § 9-3-439. General duties of trustee and fiduciary - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-9-administration-of-the-government/wy-st-sect-9-3-439/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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