STATE STATUTES & CODES

UTAH STATUTES AND CODES

Chapter 07 - Utah Uniform Trust Code

• 75-7-101 - Title.
• 75-7-102 - Scope.
• 75-7-103 - Definitions.
• 75-7-104 - Knowledge.
• 75-7-105 - Default and mandatory rules.
• 75-7-106 - Common law of trusts -- Principles of equity.
• 75-7-107 - Governing law.
• 75-7-108 - Principal place of administration.
• 75-7-109 - Methods and waiver of notice.
• 75-7-110 - Nonjudicial settlement agreements.
• 75-7-111 - Rules of construction.
• 75-7-112 - Penalty provisions.
• 75-7-201 - Court -- Exclusive jurisdiction of trusts.
• 75-7-202 - Effect of administration in this state -- Consent to jurisdiction.
• 75-7-203 - Subject matter jurisdiction.
• 75-7-204 - Trust proceedings -- Dismissal of matters relating to foreign trusts.
• 75-7-205 - Venue.
• 75-7-301 - Basic effect.
• 75-7-302 - Representation by holder of general testamentary power of appointment.
• 75-7-303 - Representation by fiduciaries and parents.
• 75-7-304 - Representation by person having substantially identical interest.
• 75-7-305 - Appointment of guardian ad litem or other representative.
• 75-7-401 - Methods of creating trust.
• 75-7-402 - Requirements for creation.
• 75-7-403 - Trusts created in other jurisdictions.
• 75-7-404 - Trust purposes.
• 75-7-405 - Charitable purposes -- Enforcement.
• 75-7-406 - Creation of trust induced by fraud, duress, or undue influence.
• 75-7-407 - Evidence of oral trust.
• 75-7-408 - Trust for care of animal.
• 75-7-409 - Noncharitable trust without ascertainable beneficiary.
• 75-7-410 - Modification or termination of trust -- Proceedings for approval or disapproval.
• 75-7-411 - Modification or termination of noncharitable irrevocable trust by consent.
• 75-7-412 - Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
• 75-7-413 - Cy pres.
• 75-7-414 - Modification or termination of uneconomic trust.
• 75-7-415 - Reformation to correct mistakes.
• 75-7-416 - Modification to achieve settlor's tax objectives.
• 75-7-417 - Combination and division of trusts.
• 75-7-501 - Rights of beneficiary's creditor or assignee.
• 75-7-502 - Spendthrift provisions for beneficiaries other than the settlor.
• 75-7-503 - Exceptions to spendthrift provision.
• 75-7-504 - Discretionary trusts -- Effect of standard.
• 75-7-505 - Creditor's claim against settlor.
• 75-7-506 - Overdue distribution.
• 75-7-507 - Personal obligations of trustee.
• 75-7-508 - Notice to creditors.
• 75-7-509 - Limitations on presentation of claims.
• 75-7-510 - Manner of presentation of claims.
• 75-7-511 - Classification of claims.
• 75-7-512 - Allowance of claims.
• 75-7-513 - Payment of claims.
• 75-7-514 - Secured claims.
• 75-7-515 - Claims not due and contingent or unliquidated claims.
• 75-7-516 - Counterclaims.
• 75-7-517 - Execution and levies prohibited.
• 75-7-518 - Compromise of claims.
• 75-7-519 - Encumbered assets.
• 75-7-604 - Capacity of settlor of revocable trust.
• 75-7-605 - Revocation or amendment of revocable trust.
• 75-7-606 - Settlor's powers -- Powers of withdrawal.
• 75-7-607 - Limitation on action contesting validity of revocable trust -- Distribution of trust property.
• 75-7-701 - Accepting or declining trusteeship.
• 75-7-702 - Trustee's bond.
• 75-7-703 - Cotrustees.
• 75-7-704 - Vacancy in trusteeship -- Appointment of successor.
• 75-7-705 - Resignation of trustee.
• 75-7-706 - Removal of trustee.
• 75-7-707 - Delivery of property by former trustee.
• 75-7-708 - Compensation of trustee.
• 75-7-709 - Reimbursement of expenses.
• 75-7-801 - Duty to administer trust.
• 75-7-802 - Duty of loyalty.
• 75-7-803 - Impartiality.
• 75-7-804 - Prudent administration.
• 75-7-805 - Costs of administration.
• 75-7-806 - Trustee's skills.
• 75-7-807 - Control and protection of trust property.
• 75-7-808 - Recordkeeping and identification of trust property.
• 75-7-809 - Enforcement and defense of claims.
• 75-7-810 - Collecting trust property.
• 75-7-811 - Duty to inform and report.
• 75-7-812 - Discretionary powers -- Tax savings.
• 75-7-813 - General powers of trustee.
• 75-7-814 - Specific powers of trustee.
• 75-7-815 - Distribution upon termination.
• 75-7-816 - Recitals when title to real property is in trust -- Failure.
• 75-7-817 - Marital deduction formulas -- Trusts.
• 75-7-901 - Prudent investor rule.
• 75-7-902 - Standard of care -- Portfolio strategy -- Risk and return objectives.
• 75-7-903 - Diversification.
• 75-7-904 - Duties at inception of trusteeship.
• 75-7-905 - Reviewing compliance.
• 75-7-906 - Investment direction.
• 75-7-907 - Language invoking standard of chapter.
• 75-7-1001 - Remedies for breach of trust.
• 75-7-1002 - Damages for breach of trust.
• 75-7-1003 - Damages in absence of breach.
• 75-7-1004 - Attorney's fees and costs.
• 75-7-1005 - Limitation of action against trustee.
• 75-7-1006 - Reliance on trust instrument.
• 75-7-1007 - Event affecting administration or distribution.
• 75-7-1008 - Exculpation of trustee.
• 75-7-1009 - Beneficiary's consent, release, or ratification.
• 75-7-1010 - Limitation on personal liability of trustee.
• 75-7-1011 - Interest as general partner.
• 75-7-1012 - Protection of person dealing with trustee.
• 75-7-1013 - Certification of trust.
• 75-7-1101 - Uniformity of application and construction.
• 75-7-1102 - Electronic records and signatures.
• 75-7-1103 - Application to existing relationships.
• 75-7-1201 - Foreign trustees.

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