Utah Code 75-7-813. General powers of trustee
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(1) A trustee, without authorization by the court, may exercise:
Terms Used In Utah Code 75-7-813
- Court: means any of the courts of record in this state having jurisdiction in matters relating to the affairs of decedents. See Utah Code 75-1-201 v2
- Property: includes both real and personal property or any interest therein and means anything that may be the subject of ownership. See Utah Code 75-1-201 v2
- Trust: includes :(60)(a)(i) a health savings account, as defined in Section 223of the Internal Revenue Code;(60)(a)(ii) an express trust, private or charitable, with additions thereto, wherever and however created; or(60)(a)(iii) a trust created or determined by judgment or decree under which the trust is to be administered in the manner of an express trust. See Utah Code 75-1-201 v2(1)(a) powers conferred by the terms of the trust; or(1)(b) except as limited by the terms of the trust:(1)(b)(i) all powers over the trust property which an unmarried competent owner has over individually owned property;(1)(b)(ii) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and(1)(b)(iii) any other powers conferred by this chapter.
(2) The exercise of a power is subject to the fiduciary duties prescribed by this part.