# Wyo. Stat. § 2-7-109: Compromise of claims; owed to estate

> Wyoming · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-109

## Section

- **Citation:** Wyo. Stat. § 2-7-109
- **Heading:** Compromise of claims; owed to estate
- **Jurisdiction:** Wyoming
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Wyoming Code / Title 2 / Chapter 7 / Section 2-7-109

## Text

When it appears for the best interest of the estate, the fiduciary may, subject to approval of the court, effect a compromise with any debtor or other obligor, or extend, renew or in any other manner modify the terms of any obligation owing to the estate. If the fiduciary holds a mortgage, pledge or other lien upon property of another person, he may, in lieu of foreclosure, accept a conveyance or transfer of the encumbered assets from the owner thereof in satisfaction of the indebtedness secured by the lien, if it appears for the best interests of the estate and if the court so orders.

## Nearby sections

- [Wyo. Stat. § 2-7-101 § 2-7-101. Presumption of death; how estate handled](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-101.md)
- [Wyo. Stat. § 2-7-102 Penalty for administering without proving will or taking letters of administration](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-102.md)
- [Wyo. Stat. § 2-7-103 § 2-7-103. Personal representative to take possession of estate](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-103.md)
- [Wyo. Stat. § 2-7-104 Actions maintainable by or against personal representatives; right generally](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-104.md)
- [Wyo. Stat. § 2-7-105 Actions maintainable by or against personal representatives; actions for waste by representatives](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-105.md)
- [Wyo. Stat. § 2-7-106 § 2-7-106. Actions maintainable by or against personal representatives; actions for waste by representatives; against representatives](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-106.md)
- [Wyo. Stat. § 2-7-107 Disposition of partnership business](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-107.md)
- [Wyo. Stat. § 2-7-108 Actions on bond of former representatives](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-108.md)
- [Wyo. Stat. § 2-7-109 Compromise of claims; owed to estate](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-109.md)
- [Wyo. Stat. § 2-7-110 Compromise of claims; against estate](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-110.md)
- [Wyo. Stat. § 2-7-201 Admission of will or estate to probate and appointment of personal representative; contents; form](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-201.md)
- [Wyo. Stat. § 2-7-202 Public auction of real or personal property; contents](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-202.md)
- [Wyo. Stat. § 2-7-203 § 2-7-203. Order to show cause for setting off exempt property; form](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-203.md)
- [Wyo. Stat. § 2-7-204 Final account and petition for distribution; form](https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-204.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WY_T2_C7_S2-7-109. Check the current official text before relying on it. Not legal advice.