Wyoming Supreme Court:Family Trustees Were Disloyal In Water Rights Transfer
Mealey's (June 17, 2015, 12:36 PM EDT) -- CHEYENNE, Wyo. — The Wyoming Supreme Court on Jan. 23 affirmed that two siblings breached their duty of loyalty to a family ranch trust by self-dealing when they transferred water rights but said that a trial court erred in removing the two as trustees (William C. Forbes, et al. v. Waldo E. Forbes, No. S14-0122, Waldo E. Forbes v. William C. Forbes, et al., No. S-14-0123, Wyo. Sup.; 2015 Wyo. LEXIS 14).
(Opinion available. Document #95-150212-002Z.)
The Beckton Ranch Trust (BRT) was formed in 1920 by...