Utah Statutes
§ 75B-3-113 — Limitation of action against trust director.
(1)An action against a trust director for a breach of trust must be commenced within the same limitation period as described in Section 75B-2-1005 for an action for a breach of trust against a trustee in a like position and under similar circumstances.
(2)A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have as described in Section 75B-2-1005 in an action for a breach of trust against a trustee in a like position and under similar circumstances.
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Legislative History
Renumbered and Amended by Chapter 310, 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.