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Terms Used In Utah Code 75-7-1007

  • Trustee: A person or institution holding and administering property in trust.
     If the happening of an event, including marriage, divorce, performance of educational requirements, or death, affects the administration or distribution of a trust, a trustee is not liable for a loss resulting from the trustee’s lack of knowledge or lack of notice.

Enacted by Chapter 89, 2004 General Session