Utah Code § 75B-1-203

Current through the 2024 Fourth Special Session

Section 75B-1-203 - Income permitted to accumulate

The income arising from or earned by the property held in a retirement trust is permitted to accumulate, in accordance with the terms of the trust:

(1) for the time period permitted by the instrument creating the trust; or

(2) if the instrument creating the trust does not specify a time period, for the time period that is necessary for a trustee of the trust to accomplish the purposes for which the trust was created.

Utah Code § 75B-1-203

Renumbered from § 22-6-2 and amended by Chapter 364, 2024 General Session ,§ 235, eff. 9/1/2024.

Enacted by Chapter 174, 1961 General Session