75B-2-404. Trust purposes.
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/ut/title-75b/chapter-2/75b-2-404A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
75B-2-404. Trust purposes.
(1)A trust may be created only to the extent the trust's purposes are lawful, not contrary to public policy, and possible to achieve.
(2)A trust and the trust's terms must be for the benefit of the trust's beneficiaries.
Renumbered and Amended by Chapter 310 , 2025 General Session