STATE INTEREST RATES AND USURY LIMITS:
• Legal Rate: 7%
• Contract: S.B. 22 (Wyo. 2013), amending Wyo. Stat. Ann. § 40-14-212
• Judgment Rate: 10% a year until paid
• Corporate Rate: No set rate
• Age of Majority: 18
• Contracts: A minor may consent to health care treatment if the minor is (or was) married, is on active duty in the US military, if the parents/guardian cannot be located for the minor’s healthcare treatment, if the minor is living apart from his parents and is financially independent, if the minor is emancipated or if the minor is 12 years or younger and is using tobacco products and is seeking help to quit. A minor is not liable for an obligation from ownership of custodial property or for a tort committed during the custodianship unless the minor is personally at fault
DEBT RESPONSIBILITY: DOCTRINE OF NECESSARIES
• Expenses of the family and education of children is chargeable upon the property of both spouses and they may be sued together or separately.
STATUTE OF LIMITATIONS FOR CIVIL ACTIONS:
• Contracts: Oral, 8 years; Written, 10 years
•Judgments: No action shall be brought to revive a judgment after 10 years after it becomes dormant. 15 years for any minor or subject to any other legal disability at the time the judgment becomes dormant and 21 years in a child support proceeding.
This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Although we attempt to provide up-to-date information, laws and regulations often change. We make no claims, promises, or guarantees about the accuracy or completeness of this document. For legal advice, please consult an attorney.