Utah Code 59-18-102. Definitions
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As used in this chapter:
(1) Section references, unless otherwise indicated, are to the Internal Revenue Code of 1954, as in effect on January 1, 1970.
Terms Used In Utah Code 59-18-102
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- Trust: means an express trust created by a trust instrument, including a will. See Utah Code 59-18-102
(2) “Charitable organization” means an organization described in Section 501(c)(3) and exempt from tax under Section 501(a).(3) “Private foundation trust” means a trust (including a trust described in Section 4947(a)(1)) as defined in Section 509(a).(4) “Split interest trust” means a trust for individual and charitable beneficiaries that is subject to the provisions of Section 4947(a)(2).(5) “Trust” means an express trust created by a trust instrument, including a will.(6) “Trustee” means the trustee, trustees, person, or persons possessing a power or powers referred to in this chapter.