Utah Code 59-18-106. Trustee’s notice to attorney general of inconsistent provisions in trust
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Terms Used In Utah Code 59-18-106
- Trust: means an express trust created by a trust instrument, including a will. See Utah Code 59-18-102
- Trustee: means the trustee, trustees, person, or persons possessing a power or powers referred to in this chapter. See Utah Code 59-18-102
- Trustee: A person or institution holding and administering property in trust.
If the trustee determines that the governing instrument contains provisions, in the case of a power to make distributions, which is more restrictive than Subsection 59-18-105(2), or if the trust contains other powers which specifically direct acts by the trustee that are inconsistent with the provisions of Subsection 59-18-105(3), the trustee shall notify the attorney general within six months following the effective date of this chapter, or when the trust becomes subject to this chapter, whichever last occurs. Section 59-18-105 does not apply to any trust with respect to which notice has been given unless the trust is amended to comply with the terms of this chapter.
Renumbered and Amended by Chapter 2, 1987 General Session