As used in Sections 57-1-20 through 57-1-36:

1. (1) "Beneficiary" means the person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or that person's successor in interest.
2. (2) "Trustor" means the person conveying real property by a trust deed as security for the performance of an obligation.
3. (3) "Trust deed" means a deed executed in conformity with Sections 57-1-20 through 57-1-36 and conveying real property to a trustee in trust to secure the performance of an obligation of the trustor or other person named in the deed to a beneficiary.
4. (4) "Trustee" means a person to whom title to real property is conveyed by trust deed, or that person's successor in interest.
5. (5) "Real property" has the same meaning as set forth in Section 57-1-1.
6. (6) "Trust property" means the real property conveyed by the trust deed.

Amended by Chapter 302, 2025 General Session