16-15-106 - Powers. - Utah Statutes

16-15-106. Powers.
(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 personalproperty.
(2) (a) A business trust may not maintain any action, suit, or proceeding in this stateunless the business trust is registered under this chapter.
(b) A business trust may be sued whether or not the business trust is registered under thischapter.

Enacted by Chapter 310, 1995 General Session