For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Shares held in trust.

Utah Code § 7-9-31
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
7-9-31. Shares held in trust. (1) Shares may be issued to and deposits received in the name of a minor, and these shares and deposits may, in the discretion of the board of directors, be withdrawn by the minor or by the minor's parent or guardian. (2) A credit union share account, share certificate, deposit, or deposit certificate may be held in trust provided that the trustor, trustee, or primary beneficiary is a member of the credit union. (3) The trustee of the trust meeting the requirements of Subsection (2) shall exercise the rights of the trust as a member of the credit union. Amended by Chapter 302, 2025 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title7/Chapter9/7-9-S31.html?v=C7-9-S31_2025050720250507Fetched: 10/26/2026

Starting a business in Utah? Utah LLC guide: costs and requirements