Utah Code 59-18-107. Amendment of governing instrument
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(1) In the case of a trust which is solely for a named charitable organization or organizations and as to which the trustee does not possess any discretion with regard to the distribution of income or principal among two or more such organizations, the trustee, with the consent of the named charitable organization or organizations, may amend the governing instrument to comply with the provisions of Subsection 59-18-105(2) .
Terms Used In Utah Code 59-18-107
- Charitable organization: means an organization described in Section 501(c)(3) and exempt from tax under Section 501(a). See Utah Code 59-18-102
- Trust: means an express trust created by a trust instrument, including a will. See Utah Code 59-18-102
- Trustee: A person or institution holding and administering property in trust.
- Trustee: means the trustee, trustees, person, or persons possessing a power or powers referred to in this chapter. See Utah Code 59-18-102
(2) In the case of a charitable trust which is not subject to the provisions of Subsection (1) , the trustee with the consent of the attorney general may amend the governing instrument to comply with the provisions of Subsection 59-18-105(2) .