59-18-111 - Duties of trustee of trust subject to supervision by specified charitable organization. - Utah Statutes

59-18-111. Duties of trustee of trust subject to supervision by specified charitableorganization.
The trustee of a trust subject to the supervision by a specified public charitableorganization or organizations, as provided in Subsection 59-18-109(5), shall file with eachspecified charitable organization:
(1) a trust copy of the governing instrument together with a written report, under oath,setting forth complete information as to the nature of the assets and liabilities with the delivery ofthe release pursuant to Subsection 59-18-109(4) or the filing of the election under Section59-18-110;
(2) an annual report, within 4-1/2 months following the close of each year, setting forth acomplete statement of receipts, disbursements, assets (together with cost and market value ofeach asset), and liabilities; and
(3) such other information as the public charitable organization or organizations deemnecessary to compel proper administration of the trust.

Renumbered and Amended by Chapter 2, 1987 General Session