There is a newer version
of
this Section
2019 Utah Code
Title 75 - Utah Uniform Probate Code
Chapter 12 - Uniform Directed Trust Act
Section 103 - Application -- Principal place of administration.
Universal Citation: UT Code § 75-12-103 (2019)
Effective 5/14/2019
75-12-103. Application -- Principal place of administration.
Enacted by Chapter 153, 2019 General Session
75-12-103. Application -- Principal place of administration.
- (1) This chapter applies to a trust, whenever created, that has the trust's principal place of administration in this state, subject to the following rules:
- (a) if the trust was created before May 14, 2019, this chapter applies only to a decision or action occurring on or after May 14, 2019; and
- (b) if the principal place of administration of the trust is changed to this state on or after May 14, 2019, this chapter applies only to a decision or action occurring on or after the date of the change.
- (2) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, the terms of the trust that designate the principal place of administration of the trust are valid and controlling if:
- (a) a trustee's principal place of business is located in, or a trustee is a resident of, the designated jurisdiction;
- (b) a trust director's principal place of business is located in, or a trust director is a resident of, the designated jurisdiction; or
- (c) all or part of the administration occurs in the designated jurisdiction.
Enacted by Chapter 153, 2019 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
