Title 75B Chapter 2 Part 9 Section 904
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| Index | Utah Code |
| Title 75B | Trusts |
| Chapter 2 | Uniform Trust Code |
| Part 9 | Uniform Prudent Investor Act |
| Section 904 | Duties at inception of trusteeship.
(Effective 5/7/2025)
|
Effective 5/7/2025
75B-2-904. Duties at inception of trusteeship.
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.
Renumbered and Amended by Chapter 310, 2025 General Session
75B-2-904. Duties at inception of trusteeship.
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this chapter.
Renumbered and Amended by Chapter 310, 2025 General Session
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