Utah Code 16-12-4. Powers of real estate investment trust
Current as of: 2023 | Check for updates
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Terms Used In Utah Code 16-12-4
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A real estate investment trust shall have power to sue and be sued, in its trust name, and to acquire title, lease, mortgage, convey or otherwise deal with real and personal property, or any interest therein in its trust name.
Enacted by Chapter 114, 1965 General Session