Successor Trustees Appointment By Beneficiary Effect Substitution Of Trustee Recording Form printable pdf download

Utah Code

Superseded 5/10/2016

57-1-22 Successor trustees -- Appointment by beneficiary -- Effect -- Substitution of trustee

-- Recording -- Form.

(1)

(a) The beneficiary may appoint a successor trustee at any time by filing for record in the office

of the county recorder of each county in which the trust property or some part of the trust

property is situated, a substitution of trustee.

(b) The new trustee shall succeed to all the power, duties, authority, and title of the trustee

named in the deed of trust and of any successor trustee.

action taken on the beneficiary's behalf by the new trustee prior to the recording of the

substitution of trustee.

(2) A substitution of trustee shall:

(a) identify the trust deed by stating:

(i) the names of the original parties to the trust deed;

(ii) the date of recordation; and

(iii)

(A) the book and page where the trust deed is recorded; or

(B) the entry number;

(b) include the legal description of the trust property;

(d) be executed and acknowledged by all of the beneficiaries under the trust deed or their

successors in interest.

(3)

(a) If not previously recorded at the time of recording a notice of default, the successor trustee

shall file for record, in the office of the county recorder of each county in which the trust

property or some part of it is situated, the substitution of trustee.

(b) A copy of the substitution of trustee shall be sent in the manner provided in Subsection

57-1-26(2) to any:

(i) person who requests a copy of any notice of default or notice of sale under Subsection

57-1-26(1)(a); and

(ii) person who is a party to the trust deed to whom a copy of a notice of default would be

required to be mailed by Subsection 57-1-26(3).

(4) A substitution of trustee shall be in substantially the following form:

Substitution of Trustee

(insert name and address of new trustee)

is hereby appointed successor trustee under the trust deed executed by ____

as trustor, in which ____ is named beneficiary and ____ as trustee, and filed for record

__________(month\day\year), and recorded in Book ____, Page ____, Records of ____

County, (or filed for record __________(month\day\year), with recorder's entry No. ____, ____

County), Utah.

(Insert legal description)

Signature_____________________________

(Certificate of Acknowledgment)

(5)

(a) A trustee of a trust deed may, in accordance with this Subsection (5), resign as trustee by

filing for record in the office of the recorder of each county in which the trust property is

located, a resignation of trustee.

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Successor Trustees Appointment By Beneficiary Effect Substitution Of Trustee Recording Form

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