75-2-1205. Reformation.
119 words·~1 min read·
/ut/title-75/chapter-2/75-2-1205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
75-2-1205. Reformation.
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 1,000 years allowed by Section 75-2-1203 if:
(1)a nonvested property interest or a power of appointment becomes invalid under Section 75-2-1203 ;
(2)a class gift is not but might become invalid under Section 75-2-1203 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
(3)a nonvested property interest that is not validated by Section 75-2-1203 can vest but not within 1,000 years after its creation.
Amended by Chapter 301 , 2003 General Session