Utah Disclaimer of All Rights Under Operating Agreement by Successor to Party to Agreement

State:
Multi-State
Control #:
US-OG-596
Format:
Word; 
Rich Text
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This is a form of Disclaimer of All Rights Under an Operating Agreement (by Successor to a Party to the Agreement).

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FAQ

A surviving joint tenant or tenant by the entireties may disclaim the entire interest in any property or interest therein that is the subject of a joint tenancy or tenancy by the entireties devolving to the surviving joint tenant or tenant by the entireties, if the joint tenancy or tenancy by the entireties was created ...

There is no set requirement for what an operating agreement must contain, but it generally governs, at the very least, relations among the members as members and between the members and the company; rights and duties of manager(s); activities and affairs of the company and how they are to be conducted; and how the ...

"Governing person" means a person, alone or in concert with others, by or under whose authority the powers of the limited liability company are exercised and under whose direction the activities and affairs of the limited liability company are managed pursuant to this chapter and the limited liability company's ...

Duty to administer trust. 75-7-801. Duty to administer trust. Upon acceptance of a trusteeship, the trustee shall administer the trust expeditiously and in good faith, in ance with its terms and purposes and the interests of the beneficiaries, and in ance with this chapter.

76-2-301 Person under 14 years old not criminally responsible. A person is not criminally responsible for conduct performed before he reaches the age of 14 years.

Utah Code 75-7-816 defines that ?when title to real property is granted to a person as trustee, the terms of the trust (the name of the trustee, the address of the trustee, and the name and date of the trust) may be given either in the deed of transfer; or in an instrument signed by the grantor and recorded in the same ...

75-9-301. Statutory form power of attorney. A document substantially in the following form may be used to create a statutory form power of attorney that has the meaning and effect prescribed by this chapter.

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Utah Disclaimer of All Rights Under Operating Agreement by Successor to Party to Agreement