Utah Code 75-7-507. Personal obligations of trustee
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Terms Used In Utah Code 75-7-507
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Trustee: A person or institution holding and administering property in trust.
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
Enacted by Chapter 89, 2004 General Session