75B-2-112. Penalty provisions.
78 words·~1 min read·
/ut/title-75b/chapter-2/75b-2-112A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
75B-2-112. Penalty provisions.
A provision in a trust instrument purporting to penalize a beneficiary by charging the beneficiary's interest in the trust, or to penalize the beneficiary in another manner, for instituting a proceeding to challenge the acts of the trustee or other fiduciary of a trust, or for instituting other proceedings relating to the trust is unenforceable if probable cause exists for instituting the proceedings.
Renumbered and Amended by Chapter 310 , 2025 General Session