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20 chapters · 367 sections in this title.
Utah Code § 7-5-101 Definitions.
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7-5-101. Definitions. As used in this chapter: (1) "Business trust" means an entity engaged in a trade or business that is created by a declaration of trust that transfers property to trustees, that the trustees hold and manage for the benefit of one or more persons holding certi…
Utah Code § 7-5-102 Allowable trust companies -- Exceptions.
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7-5-102. Allowable trust companies -- Exceptions. (1) Only the following may be a trust company: a Utah depository institution or the Utah depository institution's wholly owned subsidiary; an out-of-state depository institution authorized to engage in business as a depository ins…
Utah Code § 7-5-103 Permit required to engage in trust business -- Exceptions.
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7-5-103. Permit required to engage in trust business -- Exceptions. (1) Unless a trust company obtains from the commissioner a permit to engage in trust business in this state, the trust company may not accept an appointment to act in an agency or a fiduciary capacity by order or…
Utah Code § 7-5-104 Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company.
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7-5-104. Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company. (1) A person seeking authorization to become a trust company and engage in trust business in this state shall: file an application with the commissioner in t…