57-1-19. Trust deeds -- Definitions of terms.
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/ut/title-57/chapter-1/57-1-19A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
57-1-19. Trust deeds -- Definitions of terms.
As used in Sections 57-1-20 through 57-1-36 :
(1)"Beneficiary" means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or that person's successor in interest.
(2)"Trustor" means the person conveying real property by a trust deed as security for the performance of an obligation.
(3)"Trust deed" means a deed executed in conformity with Sections 57-1-20 through 57-1-36 and conveying real property to a trustee in trust to secure the performance of an obligation of the trustor or other person named in the deed to a beneficiary.
(4)"Trustee" means a person to whom title to real property is conveyed by trust deed, or that person's successor in interest.
(5)"Real property" has the same meaning as set forth in Section 57-1-1 .
(6)"Trust property" means the real property conveyed by the trust deed.
Amended by Chapter 302 , 2025 General Session