75A-1-201. Definitions for part.
111 words·~1 min read·
/ut/title-75a/chapter-1/75a-1-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
75A-1-201. Definitions for part.
As used in this part:
(1)"Fiduciary" means:
(a)a trustee under any trust, expressed, implied, resulting or constructive;
(b)an executor;
(c)an administrator;
(d)a guardian;
(e)a conservator;
(f)a curator;
(g)a receiver;
(h)a trustee in bankruptcy;
(i)an assignee for the benefit of creditors;
(j)a partner;
(k)an agent;
(l)an officer of a corporation, public or private;
(m)a public officer; or
(n)any other person acting in a fiduciary capacity for any person, trust, or estate.
(2)"Principal" means a person to whom a fiduciary owes an obligation.
Amended by Chapter 310 , 2025 General Session