Utah Code 75-3-711. Improper exercise of power — Breach of fiduciary duty
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Terms Used In Utah Code 75-3-711
- Fiduciary: A trustee, executor, or administrator.
- Trustee: A person or institution holding and administering property in trust.
If the exercise of power concerning the estate is improper, the personal representative is liable to interested persons for damage or loss resulting from breach of his fiduciary duty to the same extent as a trustee of an express trust. The rights of purchasers and others dealing with a personal representative shall be determined as provided in Sections 75-3-712 and 75-3-713.
Enacted by Chapter 150, 1975 General Session