A real estate investment trust shall have power to sue and be sued, in its trust name, and to acquire title, lease, mortgage, convey or otherwise deal with real and personal property, or any interest therein in its trust name.
Utah Code § 16-12-4
Powers of real estate investment trust
Known as the Real Estate Investment Trust Act
The act spans §§ 16–16 (7 sections).
Enacted by Chapter 114, 1965 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.