There Is a Newer Version
of
the Utah Code
2014 Utah Code
Title 22 - Fiduciaries and Trusts
Chapter 7 - Utah Unitrust Act
Section 105 - Unitrust election by beneficiary -- Ability to request trustee action.
Universal Citation:
22-7-105. Unitrust election by beneficiary -- Ability to request trustee action.
UT Code ยง 22-7-105 (2014)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
| (1) | A trust beneficiary may:
|
| (2) | If the trustee declines or fails to act within six months of receipt of the written request, the beneficiary may petition the district court having jurisdiction to order the conversion, reconversion, or change in the unitrust rate, if the action would not alter any amount in the trust that is permanently set aside for charitable purposes unless both income and principal are set aside. |
| (3) | If the court finds that the conversion, reconversion, or change in the unitrust rate under this section will enable the trustee to better carry out the intent of the settlor, testator, or testatrix and the purposes of the trust, the court shall approve the conversion, reconversion, or change in the unitrust rate. |
Enacted by Chapter 244, 2013 General Session
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