Utah § 75B-1-201 Definitions for part.

Utah Statutes

§ 75B-1-201 — Definitions for part.

Utah·Title 75B Trusts·Ch. 75B-1 General Provisions·Part 75B-1-2 Retirement Trust

As used in this part, "retirement trust" means a trust:

(1)created by an employer as part of a pension, stock bonus, disability, death benefit, profit sharing, retirement, or similar plan primarily for the benefit of an employee or the employee's family, appointee, or beneficiary;

(2)to which contributions are made by the employer or employee; and

(3)that is created for the purpose of distributing principal or income to the employee or the employee's family, appointee, or beneficiary.

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As used in this part, "retirement trust" means a trust:
(1) created by an employer as part of a pension, stock bonus, disability, death benefit, profit sharing, retirement, or similar plan primarily for the benefit of an employee or the employee's family, appointee, or beneficiary;
(2) to which contributions are made by the employer or employee; and
(3) that is created for the purpose of distributing principal or income to the employee or the employee's family, appointee, or beneficiary.

Utah § 75B-1-201 (Definitions for part.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.