Utah § 75B-3-103 Application -- Principal place of administration.

Utah Statutes

§ 75B-3-103 — Application -- Principal place of administration.

Utah·Title 75B Trusts·Ch. 75B-3 Uniform Directed Trust Act

(1)This chapter applies to a trust, whenever created, that has the trust's principal place of administration in this state, subject to the following rules:

(1)(a) if the trust was created before May 14, 2019, this chapter applies only to a decision or action occurring on or after May 14, 2019; and

(1)(b) if the principal place of administration of the trust is changed to this state on or after May 14, 2019, this chapter applies only to a decision or action occurring on or after the date of the change.

(2)Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, the terms of the trust that designate the principal place of administration of the trust are valid and controlling if:

(2)(a) a trustee's principal place of business

Free access — add to your briefcase to read the full text and ask questions with AI

(1) This chapter applies to a trust, whenever created, that has the trust's principal place of administration in this state, subject to the following rules:
(1)(a) if the trust was created before May 14, 2019, this chapter applies only to a decision or action occurring on or after May 14, 2019; and
(1)(b) if the principal place of administration of the trust is changed to this state on or after May 14, 2019, this chapter applies only to a decision or action occurring on or after the date of the change.
(2) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, the terms of the trust that designate the principal place of administration of the trust are valid and controlling if:
(2)(a) a trustee's principal place of business is located in, or a trustee is a resident of, the designated jurisdiction;
(2)(b) a trust director's principal place of business is located in, or a trust director is a resident of, the designated jurisdiction; or
(2)(c) all or part of the administration occurs in the designated jurisdiction.

Utah § 75B-3-103 (Application -- Principal place of administration.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.