HB0176S03 (Substitute)
Trust Business Modifications
Introduction
Jan 20
House Rules
House Committee
Feb 18
House Floor Vote
Feb 27
Senate Rules
Mar 4
Senate Committee
Mar 3
Senate 2nd Reading
Mar 6
Senate 3rd Reading
Mar 6
Governor Signed
Mar 18
This bill amends provisions relating to trust business.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
Primarily a housekeeping measure, this bill reorganizes and renumbers Utah's trust business statutes, adds new definitions, and expands the list of activities and roles that are explicitly excluded from the legal definition of "trust business" — meaning they do not require a state permit to operate as a trust company. The new exclusions include people serving as trust directors, trust protectors, or trust advisors; people acting as surrogates under health care decision laws; and guardians whose responsibilities are limited and non-financial in nature. The bill also clarifies that complaints against attorneys or CPAs who violate trust laws are to be forwarded to the Utah State Bar or the Division of Professional Licensing, respectively, rather than handled by the banking commissioner.
Current version: HB0176S03 (Substitute)
Introduction
Jan 20
House Rules
House Committee
Feb 18
House Floor Vote
Feb 27
Senate Rules
Mar 4
Senate Committee
Mar 3
Senate 2nd Reading
Mar 6
Senate 3rd Reading
Mar 6
Governor Signed
Mar 18
IntroductionJan 20
House Rules
House CommitteeFeb 18
House Floor VoteFeb 27
Senate RulesMar 4
Senate CommitteeMar 3
Senate 2nd ReadingMar 6
Senate 3rd ReadingMar 6
Governor SignedMar 18
This bill amends provisions relating to trust business.
This bill:
AI-generated summary. We recommend consulting the bill text for important decisions.
Primarily a housekeeping measure, this bill reorganizes and renumbers Utah's trust business statutes, adds new definitions, and expands the list of activities and roles that are explicitly excluded from the legal definition of "trust business" — meaning they do not require a state permit to operate as a trust company. The new exclusions include people serving as trust directors, trust protectors, or trust advisors; people acting as surrogates under health care decision laws; and guardians whose responsibilities are limited and non-financial in nature. The bill also clarifies that complaints against attorneys or CPAs who violate trust laws are to be forwarded to the Utah State Bar or the Division of Professional Licensing, respectively, rather than handled by the banking commissioner.
Motion: Favorable Recommendation
Motion: Favorable Recommendation
Governor Signed
Lieutenant Governor's office for filing
House/ to Governor
Executive Branch - Governor
House/ received enrolled bill from Printing
Clerk of the House
House/ enrolled bill to Printing
Clerk of the House
Enrolled Bill Returned to House or Senate
Clerk of the House
Last updated Mar 26, 2026, 9:39 PM