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2019 Utah Code
Title 22 - Fiduciaries and Trusts
Chapter 7 - Utah Unitrust Act (Repealed 7/1/2020)
Section 110 - Administration. (Repealed 7/1/2020)
Universal Citation: UT Code § 22-7-110 (2019)
Repealed 7/1/2020
22-7-110. Administration.
In administering a total return unitrust, the trustee may, in the trustee's sole discretion, but subject to the provisions of the governing instrument, determine:
Repealed by Chapter 495, 2019 General Session
Enacted by Chapter 244, 2013 General Session
22-7-110. Administration.
In administering a total return unitrust, the trustee may, in the trustee's sole discretion, but subject to the provisions of the governing instrument, determine:
- (1) the effective date of the conversion;
- (2) the timing of distributions, including provisions for prorating a distribution for a short year in which a beneficiary's right to payments commences or ceases;
- (3) whether distributions are to be made in cash, in kind, partly in cash, or partly in kind;
- (4) if the trust is reconverted to an income trust, the effective date of the reconversion; and
- (5) other administrative issues necessary or appropriate to carry out the purposes of this chapter.
Repealed by Chapter 495, 2019 General Session
Enacted by Chapter 244, 2013 General Session
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