59-18-103. Applicability to split interest trust or private foundation trust created before or after effective date. The provisions of this chapter that are applicable to a split interest trust or to a private foundation trust shall apply to all such trusts, whether they are created before or after the effective date of this chapter. Renumbered […]
59-18-104. Duties and powers of trustee. Except as provided in Section 59-18-106, the trustee of a private foundation trust or a split interest trust has the duties and powers conferred upon him by the provisions of this chapter. Renumbered and Amended by Chapter 2, 1987 General Session
59-18-105. Trustee’s fiduciary obligations and duty not to deprive trust of tax exemption, deduction or credit. (1) In the exercise of his powers including the powers granted by this chapter, a trustee has a duty to act with due regard to his obligation as a fiduciary, including a duty not to exercise any power in […]
59-18-106. Trustee’s notice to attorney general of inconsistent provisions in trust. If the trustee determines that the governing instrument contains provisions, in the case of a power to make distributions, which is more restrictive than Subsection 59-18-105(2), or if the trust contains other powers which specifically direct acts by the trustee that are inconsistent with […]
59-18-107. Amendment of governing instrument. (1) In the case of a trust which is solely for a named charitable organization or organizations and as to which the trustee does not possess any discretion with regard to the distribution of income or principal among two or more such organizations, the trustee, with the consent of the […]
59-18-108. Court’s power to relieve trustee from restrictions on powers and duties. This chapter does not affect the power of a court of competent jurisdiction for cause shown and upon petition of the trustee, attorney general, or affected beneficiary, and upon appropriate notice to the affected parties to relieve a trustee from any restrictions on […]
59-18-109. Release of power to select charitable donees. (1) The trustee of a trust all of the unexpired interests in which are devoted to one or more charitable purposes, unless the creating instrument expressly provides otherwise, may release a power to select charitable donees. (2) The release of a power to select charitable donees may […]
59-18-110. Election and consent to release of trust to specified charitable organization. A trustee of a trust for the benefit of a public charitable organization or organizations may, with the consent of such organization or organizations, come under Subsection 59-18-109(5) by filing an election, accompanied by the consents, with the attorney general. Thereafter, the trust […]
59-18-111. Duties of trustee of trust subject to supervision by specified charitable organization. The trustee of a trust subject to the supervision by a specified public charitable organization or organizations, as provided in Subsection 59-18-109(5), shall file with each specified charitable organization: (1) a trust copy of the governing instrument together with a written report, […]
59-18-112. Interpretation of chapter to encourage charitable gifts. This chapter shall be interpreted to effectuate the intent of the state of Utah to preserve, foster, and encourage gifts to or for the benefit of charitable organizations. Renumbered and Amended by Chapter 2, 1987 General Session
59-18-113. Application of chapter to trusts and trust assets established or acquired before or after effective date. Except as specifically provided in the trust, the provisions of this chapter apply to any trust established before or after the effective date of this chapter and to any trust asset acquired by the trustee before or after […]
