The Arizona Attorney General’s Office says liquidating a property trust set up by a polygamous community may be the best way to save it.

The United Effort Plan Trust owns most of the property in the twin communities of Hildale, Utah, and Colorado City, Ariz., as well as Bountiful, British Columbia, in Canada. The trust was created in 1942 by the Fundamentalist Church of Jesus Christ of Latter-Day Saints, a breakaway Mormon group.

In a motion filed with Judge Denise Lindberg in Utah, Arizona officials asked her to start a six-month investigation by the attorney general’s offices of both states. In court papers, officials suggested liquidation might be the best way to safeguard the UEP’s remaining assets.

Utah moved for a takeover four years ago, saying that would protect residents of Hildale, Colorado City and Bountiful from losing their homes because of lawsuits against the FLDS. But there is now new litigation involving the court-appointed trustee and his actions.

Source/Full Story: UPI.com

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