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Utah Code 75-7-815. Distribution upon termination

Utah Code > Title 75 > Chapter 7 > § 75-7-815 - Distribution upon termination

^{Current as of: 2010}

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     (1) Upon termination or partial termination of a trust, the trustee may send to the beneficiaries a proposal for distribution. The right of any beneficiary to object to the proposed distribution terminates if the beneficiary does not notify the trustee of an objection within 30 days after the proposal was sent but only if the proposal informed the beneficiary of the right to object and of the time allowed for objection.
     (2) Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to it, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.
     (3) A release by a beneficiary of a trustee from liability for breach of trust is invalid to the extent:
     (a) it was induced by improper conduct of the trustee; or
     (b) the beneficiary, at the time of the release, did not know or had no reason to know of the beneficiary's rights or of the material facts relating to the breach.


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Utah Laws: Trusts

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Tennessee Code > Title 65 > Chapter 3 > Part 1 > § 65-3-117. Depositions

^{Current as of: 2010}

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The department of transportation shall, in all cases, have a right in its discretion to issue proper process and take depositions instead of compelling personal attendance of witnesses.

[Acts 1897, ch. 10, § 10; Shan., § 3059a34; Code 1932, § 5410; T.C.A. (orig. ed.), § 65-319; Acts 1995, ch. 305, § 10.]


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