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2019 Utah Code
Title 22 - Fiduciaries and Trusts
Chapter 7 - Utah Unitrust Act (Repealed 7/1/2020)
Section 112 - Effect of conversion or reconversion on governing instrument. (Repealed 7/1/2020)
Universal Citation: UT Code § 22-7-112 (2019)
Repealed 7/1/2020
22-7-112. Effect of conversion or reconversion on governing instrument.
Conversion to a total return unitrust under the provisions of this chapter may not affect any other provision of the governing instrument, if any, regarding distributions of principal. If a total return unitrust is reconverted to an income trust, the trustee's release of the trustee's power under Section 22-7-104, if it was given at the time the trust was converted to a total return unitrust, is void when the trust is reconverted.
Repealed by Chapter 495, 2019 General Session
Enacted by Chapter 244, 2013 General Session
22-7-112. Effect of conversion or reconversion on governing instrument.
Conversion to a total return unitrust under the provisions of this chapter may not affect any other provision of the governing instrument, if any, regarding distributions of principal. If a total return unitrust is reconverted to an income trust, the trustee's release of the trustee's power under Section 22-7-104, if it was given at the time the trust was converted to a total return unitrust, is void when the trust is reconverted.
Repealed by Chapter 495, 2019 General Session
Enacted by Chapter 244, 2013 General Session
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