United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-1-606

An institution may issue ownership certificates for savings accounts or credit union share accounts, and may use several alternative record formats at its discretion.

account recordsbankingcredit unionsownership certificates

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“An institution may issue ownership certificates for savings accounts or credit union share accounts, and may use several alternative record formats at its discretion.”

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Source record from le.utah.gov · Legal dates not recorded

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Part 7-1-6

part 7-1-6 Deposit Accounts

§ 7-1-606Savings accounts and credit union share accounts -- Form of ownership certificate.Provision

An institution may issue ownership certificates for savings accounts or credit union share accounts, and may use several alternative record formats at its discretion.

Savings accounts and credit union share accounts -- Form of ownership certificate. A certificate of ownership may be issued to each savings account or credit union share account holder of record as shown by the books of the institution and may be in separate certificate form, or from time to time incorporated in an account book, statement of account, certificate of savings account withdrawal value, or card, device or other evidence or means of access or identity or may be shown in book entry form on the books of the institution, at the discretion of the institution. An account established in statement, book entry or other form shall be evidenced by a written agreement and deposits shall be confirmed by issuance of a receipt or advice.
Section 7-1-606Verify source

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