Utah § 75B-2-815 Distribution upon termination.

Utah Statutes

§ 75B-2-815 — Distribution upon termination.

Utah § 75B-2-815

Title 75BTrusts

Ch. 75B-2Uniform Trust Code

Part 75B-2-8Duties and Power of Trustee

This text of Utah § 75B-2-815 (Distribution upon termination.) 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. § 75B-2-815 (2026).

Text

(1)(1)(a) Upon termination or partial termination of a trust, the trustee may send to the beneficiaries a proposal for distribution.

(1)(b) The right of any beneficiary to object to the proposed distribution terminates if the beneficiary does not notify the trustee of an objection within 30 days after the proposal was sent but only if the proposal informed the beneficiary of the right to object and of the time allowed for objection.

(2)Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to the trust property, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.

(3)A release by a beneficiary of a trustee fr

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(1) (1)(a) Upon termination or partial termination of a trust, the trustee may send to the beneficiaries a proposal for distribution.
(1)(b) The right of any beneficiary to object to the proposed distribution terminates if the beneficiary does not notify the trustee of an objection within 30 days after the proposal was sent but only if the proposal informed the beneficiary of the right to object and of the time allowed for objection.
(2) Upon the occurrence of an event terminating or partially terminating a trust, the trustee shall proceed expeditiously to distribute the trust property to the persons entitled to the trust property, subject to the right of the trustee to retain a reasonable reserve for the payment of debts, expenses, and taxes.
(3) A release by a beneficiary of a trustee from liability for breach of trust is invalid to the extent:
(3)(a) the release was induced by improper conduct of the trustee; or
(3)(b) the beneficiary, at the time of the release, did not know or had no reason to know of the beneficiary's rights or of the material facts relating to the breach.