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Terms Used In Utah Code 59-11-102
Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Executor: A male person named in a will to carry out the decedent
Executor: includes "administrator" when the subject matter justifies the use. See Utah Code 68-3-12.5
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Person: includes any natural person, corporation, association, partnership, joint venture, syndicate, estate, trust, or other entity under which business or other activities may be conducted. See Utah Code 59-11-102
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
Taxable estate: means "taxable estate" as defined in Section 2051, Internal Revenue Code. See Utah Code 59-11-102
Trustee: A person or institution holding and administering property in trust.
United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
(2)
“Federal credit” means the maximum amount of the credit for state death taxes allowed by Section 2011 in respect to a decedent‘s taxable estate.
(3)
“Gross estate” means “gross estate” as defined in Section 2031, Internal Revenue Code.
(4)
“Nonresident” means a decedent who was domiciled outside of this state at the time of death.
(5)
“Other state” means any state in the United States other than this state, the District of Columbia, or any possession or territory of the United States.
(6)
“Person” includes any natural person, corporation, association, partnership, joint venture, syndicate, estate, trust, or other entity under which business or other activities may be conducted.
(7)
“Personal representative” means the executor, administrator, or trustee of a decedent’s estate, or, if there is no executor, administrator, or trustee appointed, qualified, and acting within this state, then any person in actual or constructive possession of any property of the decedent.
(8)
“Resident” means a decedent who was domiciled in this state at the time of death.
(9)
“Section 2011” means “Section 2011,” Internal Revenue Code.
(10)
“Taxable estate” means “taxable estate” as defined in Section 2051, Internal Revenue Code.
(11)
“Transfer” means “transfer” as described in Section 2001, Internal Revenue Code.
