Utah Code 22-3-104. Governing law
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(1) Except as otherwise provided in the terms of a trust or this chapter, this chapter applies when this state is:
Terms Used In Utah Code 22-3-104
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Trustee: A person or institution holding and administering property in trust.
(1)(a) the principal place of administration of a trust or estate; or
(1)(b) the situs of property that is not held in a trust or estate and is subject to a life estate or other term interest described in Subsection 22-3-103(2).
(2) By accepting the trusteeship of a trust having the trust’s principal place of administration in this state or by moving the principal place of administration of a trust to this state, the trustee submits to the application of this chapter to any matter within the scope of this chapter involving the trust.