Terms Used In Utah Code > Title 16 > Chapter 15 - Utah Business Trust Registration Act

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Beneficiary: means a person holding a certificate representing a beneficial interest in the trust estate and assets. See Utah Code 16-15-102
• City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
• Commercial trampoline: means a device that:

  (a)	incorporates a trampoline bed; and

  (b)

  is used for recreational jumping, springing, bouncing, acrobatics, or gymnastics in a trampoline park. See Utah Code 11-63-102 Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action. Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name. Division: means the Division of Corporations and Commercial Code. See Utah Code 16-15-102 Emergency response plan: means a written plan of action for the reasonable and appropriate contact, deployment, and coordination of services, agencies, and personnel to provide the earliest possible response to an injury or emergency. See Utah Code 11-63-102 Inspection: means a procedure that an inspector conducts to: (a)  determine whether a trampoline park facility, including any device or material, is constructed, assembled, maintained, tested, and operated in accordance with this chapter and the manufacturer's recommendations; (b)  determine the operational safety of a trampoline park facility, including any device or material; and (c)  determine whether the trampoline park's policies and procedures comply with this chapter. See Utah Code 11-63-102 Inspector: means an individual who: (a)  conducts an inspection of a trampoline park to certify compliance with this chapter and industry safety standards; and (b)  (i)  is certified by: (A)  an organization that develops and publishes consensus standards for a wide range of materials, products, systems, and services that are used for trampolines; or (B)  an organization that promotes trampoline park safety and adopts the standards described in Subsection (5)(b)(i)(A); (ii)  represents the insurer of the trampoline park; (iii)  represents or is certified by a department or agency, regardless of whether the agency is located within the state, that: (A)  inspects amusement and recreational facilities and equipment; and (B)  certifies and trains professional private industry inspectors through written testing and continuing education requirements; or (iv)  represents an organization that the United States Olympic Committee designates as the national governing body for gymnastics. See Utah Code 11-63-102 Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC Local regulating authority: means the business licensing division of: (a)  the city, town, or metro township in which the trampoline park is located; or (b)  if the trampoline park is located in an unincorporated area, the county. See Utah Code 11-63-102 Mortgage: The written agreement pledging property to a creditor as collateral for a loan. Operator: means a person who owns, manages, or controls or who has the duty to manage or control the operation of a trampoline park. See Utah Code 11-63-102 Participant: means an individual that uses trampoline park equipment. See Utah Code 11-63-102 Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses. Person: means :Utah Code 68-3-12.5 Person: means an individual, general partnership, limited liability partnership, limited partnership, limited liability company, limited association, domestic or foreign trust, estate, association, or corporation. See Utah Code 16-15-102 Personal property: includes :Utah Code 68-3-12.5 Personal property: All property that is not real property. Service of process: The service of writs or summonses to the appropriate party. Signature: includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code 68-3-12.5 Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5 Trampoline bed: means the flexible surface of a trampoline on which a user jumps or bounces. See Utah Code 11-63-102 Trampoline court: means an area of a trampoline park comprising: (a)  multiple commercial trampolines; or (b)  at least one commercial trampoline and at least one associated foam or inflatable bag pit. See Utah Code 11-63-102 Trampoline park: means a place of business that offers the recreational use of a trampoline court for a fee. See Utah Code 11-63-102 Trustee: A person or institution holding and administering property in trust. United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5