Utah Code 75-7-507. Personal obligations of trustee
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Terms Used In Utah Code 75-7-507
- 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
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional, and successor trustee, and cotrustee, whether or not appointed or confirmed by the court. See Utah Code 75-1-201 v2
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.