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Utah Code
2025 Utah Code
Title 75A - Fiduciaries
Chapter 7 - Uniform Act for Simplification of Fiduciary Security Transfers
Section 102 - Definitions for chapter.
Universal Citation:
UT Code § 75A-7-102 (2025)
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Effective 5/7/2025
75A-7-102. Definitions for chapter.
As used in this chapter:
Amended by Chapter 310, 2025 General Session
75A-7-102. Definitions for chapter.
As used in this chapter:
- (1)"Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust or other instrument of transfer.
- (2)"Claim of beneficial interest" includes:
- (a)a claim of any interest by a decedent's legatee, distributee, heir or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person in his behalf; and
- (b)a claim that the transfer would be in breach of fiduciary duties.
- (3)"Corporation" means a private or public corporation, association or trust issuing a security.
- (4)"Fiduciary" means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian or nominee.
- (5)"Security" includes any share of stock, bond, debenture, note or other security issued by a corporation which is registered as to ownership on the books of the corporation.
- (6)"Transfer" means a change on the books of a corporation in the registered ownership of a security.
- (7)"Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation.
Amended by Chapter 310, 2025 General Session
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