Utah § 16-15-102 - Definition of business trust.
Full text of Utah Utah Code § 16-15-102 — Definition of business trust., with citation guidance and answers to common questions.
§ 16-15-102. Definition of business trust.
16-15-102. Definition of business trust.
As used in this chapter:
| (1) | "Beneficiary" means a person holding a certificate representing a beneficial interest in the trust estate and assets. |
| (2) | "Business trust" means the same as that term is defined in Section 7-5-101. |
| (3) | "Division" means the Division of Corporations and Commercial Code. |
| (4) | "Person" means an individual, general partnership, limited liability partnership, limited partnership, limited liability company, limited association, domestic or foreign trust, estate, association, or corporation. |
Amended by Chapter 112, 2026 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 16-15-102
What does Utah Code § 16-15-102 cover?
Section 16-15-102 ("Definition of business trust.") 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 § 16-15-102?
A common citation format is "Utah Code § 16-15-102" (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 § 16-15-102 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.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.