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Utah's laws governing trust companies—businesses licensed to manage money and property on behalf of others as agents, fiduciaries, or trustees—would be reorganized and renumbered under this bill, with existing rules restated in clearer language but largely unchanged in substance. The bill would also expand the list of activities and roles explicitly excluded from the definition of "trust business," meaning these would not require a state permit to operate as a trust company: this includes people serving as trust directors, trust protectors, or trust advisors; people acting as health care surrogates; guardians whose duties are limited and non-financial; and certain court-appointed trustees or personal representatives who have consent from beneficiaries or otherwise demonstrate competence to a court. Additionally, if an attorney or certified public accountant serving in a trust-related role violates state trust law, oversight of that violation would shift away from the state banking commissioner to the Utah State Bar or the Division of Professional Licensing, respectively. The bill makes numerous other technical and organizational updates to align cross-references throughout the banking, insurance, tax, and probate codes with the renumbered trust business sections.