Utah § 75A-5-304 Notice.

Utah Statutes

§ 75A-5-304 — Notice.

Utah § 75A-5-304

Title 75AFiduciaries

Ch. 75A-5Uniform Fiduciary Income and Principal Act

Part 75A-5-3Unitrust

This text of Utah § 75A-5-304 (Notice.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 75A-5-304 (2026).

Text

(1)A fiduciary shall send a notice required by Subsection 75A-5-303(2)(b) in a manner authorized under Section 75B-2-109 to:

(1)(a) the qualified beneficiaries determined under Subsection 75B-2-103(8);

(1)(b) each person acting, in accordance with Title 75, Chapter 12, Uniform Directed Trust Act, as trust director of the trust; and

(1)(c) each person that is granted a power by the terms of the trust to appoint or remove a trustee or person described in Subsection (1)(b), to the extent the power is exercisable when the person that exercises the power is not then serving as trustee or is a person described in Subsection (1)(b).

(2)The representation provisions of Title 75B, Chapter 2, Part 3, Representation, apply to notice under this section.

(3)(3)(a) A person may consent in a record at

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(1) A fiduciary shall send a notice required by Subsection 75A-5-303(2)(b) in a manner authorized under Section 75B-2-109 to:
(1)(a) the qualified beneficiaries determined under Subsection 75B-2-103(8);
(1)(b) each person acting, in accordance with Title 75, Chapter 12, Uniform Directed Trust Act, as trust director of the trust; and
(1)(c) each person that is granted a power by the terms of the trust to appoint or remove a trustee or person described in Subsection (1)(b), to the extent the power is exercisable when the person that exercises the power is not then serving as trustee or is a person described in Subsection (1)(b).
(2) The representation provisions of Title 75B, Chapter 2, Part 3, Representation, apply to notice under this section.
(3) (3)(a) A person may consent in a record at any time to action proposed under Subsection 75A-5-303(2)(b).
(3)(b) If a person required to receive a notice under Subsection (1) consents under Subsection (3)(a) to not receive the notice, the fiduciary is not required to send the person the notice.
(4) A notice required by Subsection 75A-5-303(2)(b) shall include:
(4)(a) the action proposed under Subsection 75A-5-303(2)(b);
(4)(b) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under Subsection 75A-5-303(1)(a);
(4)(c) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under Subsection 75A-5-303(1)(b);
(4)(d) a statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary;
(4)(e) the date by which the fiduciary shall receive an objection under Subsection (4)(d), which shall be at least 30 days after the date the notice is sent;
(4)(f) the date on which the action is proposed to be taken and the date on which the action is proposed to take effect;
(4)(g) the name and contact information of the fiduciary; and
(4)(h) the name and contact information of a person that may be contacted for additional information.