Utah Code 75-12-113. Limitation of action against trust director
Current as of: 2023 | Check for updates
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(1) | An action against a trust director for a breach of trust must be commenced within the same limitation period as described in Section 75-7-1005 for an action for a breach of trust against a trustee in a like position and under similar circumstances. |
(a) | the terms of the trust refer to the person as a trust director; or |
(b) | the person is a beneficiary or settlor of the trust. See Utah Code 75-12-102 |
(2) | A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have as described in Section 75-7-1005 in an action for a breach of trust against a trustee in a like position and under similar circumstances. |
Enacted by Chapter 153, 2019 General Session