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2018 Utah Code
Title 75 - Utah Uniform Probate Code
Chapter 6 - Nonprobate Transfers
Part 3 - Uniform Transfer on Death Security Registration Act
Section 402 - Definitions.
Universal Citation: UT Code § 75-6-402 (2018)
Effective 5/8/2018
75-6-402. Definitions.
As used in this chapter:
Enacted by Chapter 26, 2018 General Session
75-6-402. Definitions.
As used in this chapter:
- (1) "Beneficiary" means a person who receives property under a transfer on death deed.
- (2) "Class gift" means a transfer to a group of persons who are classified by their relationship to one another or the transferor, and who are not individually named in the transferring document.
- (3) "Designated beneficiary" means a person designated to receive property in a transfer on death deed.
- (4) "Individual" means a natural person.
- (5)
- (a) "Joint owner" means an individual who owns property concurrently with one or more other individuals with a right of survivorship.
- (b) "Joint owner" includes a joint tenant, owner of community property with a right of survivorship, and tenant by the entirety.
- (c) "Joint owner" does not include a tenant in common or owner of community property without a right of survivorship.
- (6) "Natural person" means a human being.
- (7) "Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
- (8) "Property" means an interest in real property located in this state that is transferable on the death of the owner.
- (9) "Transfer on death deed" means a deed authorized under this chapter.
- (10) "Transferor" means an individual, in their individual capacity, who makes a transfer on death deed.
Enacted by Chapter 26, 2018 General Session
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