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2019 Utah Code
Title 16 - Corporations
Chapter 15 - Utah Business Trust Registration Act
Section 106 - Powers.
Universal Citation: UT Code § 16-15-106 (2019)
16-15-106. Powers.
Enacted by Chapter 310, 1995 General Session
- (1) A business trust registered under this chapter may in its trust name:
- (a) sue;
- (b) subject to the limitations in the declaration of trust, acquire title, lease, mortgage, convey or otherwise deal with real and personal property, or any interest in real and personal property.
- (2)
- (a) A business trust may not maintain any action, suit, or proceeding in this state unless the business trust is registered under this chapter.
- (b) A business trust may be sued whether or not the business trust is registered under this chapter.
Enacted by Chapter 310, 1995 General Session
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