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Unlike the New Hampshire Foundation Act [8] which is drafted to very closely resemble a trust under US law, the Wyoming Statutory Foundation is drafted to closely resemble an Anstalt (a hybrid of a corporation and a trust) and a Stiftung. Being a new legal entity, it's relatively untested in the courts with limited US Case Law. [5]
State trust land managers lease and sell these lands to generate revenue for current and future designated beneficiaries. Predominantly found in the western United States, 46 million acres of land are currently designated as trust lands and the proceeds from the lease and sale of these lands are distributed into a state's permanent fund and ...
The US Census has provided data for trust lands since the 1980 Census. Under the Indian Gaming Regulatory Act, tribes can purchase off-reservation land and have it placed in trust in order to operate casinos on the land. [2] For example, in 2015 the Spokane tribe won Bureau of Indian Affairs approval for an off-reservation casino. In 2008, the ...
Nov. 13—CHEYENNE — There is a tug-of-war between the state of Wyoming and smaller governments over land management — specifically, the authority to enforce local regulations on the ...
CHEYENNE — States like Wyoming are looking at ways to put restrictions on or regulate foreign land ownership within proximity of critical infrastructure. In the 2024 budget session, Sen. Tara ...
The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
This may even include situations where there may be a conflict in the grantor's direction and the actual terms of the trust. [15] In an irrevocable trust, there has developed a growing use of a so-called trust protector. This is generally an unaffiliated, third party (often a lawyer or an accountant) who is granted the power to amend or change ...
The increased use of trusts in estate planning during the latter half of the 20th century highlighted inconsistencies in how trust law was governed across the United States. In 1993, recognizing the need for a more uniform approach, the Uniform Law Commission (ULC) appointed a study committee chaired by Justice Maurice A. Hartnett III of the ...