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Code · Utah · Title 75B — Trusts · Chapter 1

75B-1-305. Illusory agreement.

60 words·~1 min read·/ut/title-75b/chapter-1/75b-1-305

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Effective 5/7/2025
75B-1-305. Illusory agreement.
An agreement or understanding, express or implied, between a settlor and a trustee of an asset protection trust is void if that agreement or understanding attempts to grant or permit the retention by the settlor of greater rights or authority than is stated in the trust instrument.
Enacted by Chapter 338 , 2025 General Session
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