State Codes and Statutes
Statutes > Utah > Title-59 > Chapter-18 > 59-18-10259-18-102. Definitions.
As used in this chapter:
(1) Section references, unless otherwise indicated, are to the Internal Revenue Code of1954, as in effect on January 1, 1970.
(2) "Charitable organization" means an organization described in Section 501(c)(3) andexempt from tax under Section 501(a).
(3) "Private foundation trust" means a trust (including a trust described in Section4947(a)(1)) as defined in Section 509(a).
(4) "Split interest trust" means a trust for individual and charitable beneficiaries that issubject to the provisions of Section 4947(a)(2).
(5) "Trust" means an express trust created by a trust instrument, including a will.
(6) "Trustee" means the trustee, trustees, person, or persons possessing a power orpowers referred to in this chapter.
Renumbered and Amended by Chapter 2, 1987 General Session
