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Current as of May 05, 2022 | Updated by FindLaw Staff
As used in Sections 57-1-20 through 57-1-36:
(1) “Beneficiary” means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or his successor in interest.
(2) “Trustor” means the person conveying real property by a trust deed as security for the performance of an obligation.
(3) “Trust deed” means a deed executed in conformity with Sections 57-1-20 through 57-1-36 and conveying real property to a trustee in trust to secure the performance of an obligation of the trustor or other person named in the deed to a beneficiary.
(4) “Trustee” means a person to whom title to real property is conveyed by trust deed, or his successor in interest.
(5) “Real property” has the same meaning as set forth in Section 57-1-1.
(6) “Trust property” means the real property conveyed by the trust deed.
Cite this article: FindLaw.com - Utah Code Title 57. Real Estate § 57-1-19. Trust deeds--Definitions of terms - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-57-real-estate/ut-code-sect-57-1-19/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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