Utah Statutes
§ 75B-1-305 — Illusory agreement.
An agreement or understanding, express or implied, between a settlor and a trustee of an asset protection trust is void if that agreement or understanding attempts to grant or permit the retention by the settlor of greater rights or authority than is stated in the trust instrument.
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Utah § 75B-1-305 (Illusory agreement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 338, 2025 General Session
Nearby Sections
15
§ 75B-1-101
Definitions for title.§ 75B-1-102
Transition clause.§ 75B-1-201
Definitions for part.§ 75B-1-203
Income permitted to accumulate.§ 75B-1-301
Definitions for part.§ 75B-1-302
Asset protection trust. -- Governing law.§ 75B-1-303
Requirements for asset protection trust.§ 75B-1-304
Application of asset protection trust.§ 75B-1-305
Illusory agreement.§ 75B-1-306
Affidavit of solvency.