Utah Code 75-7-803. Impartiality
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Terms Used In Utah Code 75-7-803
- 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.
If a trust has two or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.
Enacted by Chapter 89, 2004 General Session