Utah § 58-9-703 - Trust agreement.

Full text of Utah Utah Code § 58-9-703 — Trust agreement., with citation guidance and answers to common questions.

§ 58-9-703. Trust agreement.

Effective 5/7/2025
58-9-703.  Trust agreement.
(1)Each trust established by a funeral service establishment shall be administered in accordance with a trust agreement conforming with:
(a)the requirements of this chapter;
(b)rules adopted with respect to this chapter;
(c)the provisions of Title 75B, Chapter 2, Uniform Trust Code; and
(d)all other state and federal laws applicable to trusts and trust agreements.
(2)Each trust agreement shall require that the funeral service establishment maintain a copy of the trust agreement until five years after all of its obligations under the trust agreement have been executed or transferred.
(3)Each trust agreement shall require that the trustee:
(a)separately account for each contract; and
(b)separately record payments with respect to each contract made into the corpus of the trust.
(4)Each trust agreement shall provide for distributions from the trust in accordance with the provisions of this chapter upon:
(a)the death of the beneficiary;
(b)revocation of the contract by the funeral service establishment upon nonpayment by the buyer; or
(c)revocation of the contract by the beneficiary or buyer.


Amended by Chapter 310, 2025 General Session

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Frequently Asked Questions About Utah § 58-9-703

What does Utah Code § 58-9-703 cover?

Section 58-9-703 ("Trust agreement.") 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 § 58-9-703?

A common citation format is "Utah Code § 58-9-703" (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 § 58-9-703 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.