Utah § 7-5-112 - Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.

Full text of Utah Utah Code § 7-5-112 — Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities., with citation guidance and answers to common questions.

§ 7-5-112. Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.

Effective 5/6/2026
7-5-112.  Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.
(1)Except as provided in Section 7-5-109, Title 75B, Trusts, or as authorized under the instrument creating the relationship, a trust company may not:
(a)invest funds the trust company holds as an agent or fiduciary in stock or obligations of the trust company or any of the trust company's directors, officers or employees;
(b)use funds the trust company holds as an agent or fiduciary to acquire property from the trust company or any of the trust company's directors, officers, or employees; or
(c)sell property the trust company holds as an agent or fiduciary to the trust company or to any of trust company's directors, officers, or employees.
(2)A trust company may retain and vote stock of the trust company or of any of the trust company's affiliates the trust company receives as assets of any trust account or in any other fiduciary relationship for which the trust company is appointed agent or fiduciary, unless the instrument creating the relationship otherwise provides.
(3)
(a)A trust company shall adopt written policies and procedures regarding decisions or recommendations to purchase or sell a security in accordance with federal and state securities laws.
(b)The policies and procedures described in Subsection (3)(a) shall prohibit the trust company from using material inside information in connection with any decision or recommendation to purchase or sell any security.


Renumbered and Amended by Chapter 112, 2026 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 7-5-112

What does Utah Code § 7-5-112 cover?

Section 7-5-112 ("Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 7-5-112?

A common citation format is "Utah Code § 7-5-112" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 7-5-112 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

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