30-10-903. Definitions.
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/mt/title-30/chapter-10/part-9/30-10-903·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-10-903 . Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:
(a)"Living trust" means either an irrevocable or a revocable inter vivos trust.
(b)The term does not include an account with a POD designation, as defined in 72-6-201 .
(2)"Offer" or "offer to sell" includes an attempt or offer to dispose of a living trust for value or a solicitation of an offer to buy a living trust for value.
(3)"Person" means an individual, corporation, partnership, association, joint-stock company, or unincorporated organization.
(4)"Sale" includes each contract of sale, contract to sell, or disposition of a living trust for value.