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Section 704 - Interest earned on trust funds.

UT Code § 58-9-704 (2019) (N/A)
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(1) to pay the reasonable trustee expenses of administering the trust within a maximum amount established by rule;

(2) to pay within a maximum amount established by rule under Section 58-9-504 the reasonable provider expenses associated with: (a) the sale of the plan; (b) administering the collection, remittance, and accounting of the amount of payments made into the corpus of the trust; and (c) reporting required with respect to those contracts: (i) that have been sold; and (ii) under which the provider is obligated;

(a) the sale of the plan;

(b) administering the collection, remittance, and accounting of the amount of payments made into the corpus of the trust; and

(c) reporting required with respect to those contracts: (i) that have been sold; and (ii) under which the provider is obligated;

(i) that have been sold; and

(ii) under which the provider is obligated;

(3) to pay the costs of providing any of the following for which the provider is obligated under a specific outstanding preneed funeral arrangement contract: (a) personal property; and (b) services at need; and

(a) personal property; and

(b) services at need; and

(4) to pay the provider available funds left in the individual trust account after: (a) all costs of providing personal property and services for which the provider is obligated under the contract underlying the trust; or (b) (i) the contract is canceled as provided under this chapter; and (ii) all amounts payable to the buyer, beneficiary, or any other person have been paid in full.

(a) all costs of providing personal property and services for which the provider is obligated under the contract underlying the trust; or

(b) (i) the contract is canceled as provided under this chapter; and (ii) all amounts payable to the buyer, beneficiary, or any other person have been paid in full.

(i) the contract is canceled as provided under this chapter; and

(ii) all amounts payable to the buyer, beneficiary, or any other person have been paid in full.

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Section 704 - Interest earned on trust funds.