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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-1-609

A depository institution may contract with an employer to handle payroll deduction savings or direct deposit of wages, subject to employee participation or written designation.

Source excerpt

depository institutiondirect depositemployee wagespayroll deduction
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

Purpose and legislative effect

“A depository institution may contract with an employer to handle payroll deduction savings or direct deposit of wages, subject to employee participation or written designation.”

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02

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Subsection 7-1-609(1)

Savings may be collected through payroll deduction and credited to a designated employee account if the employee voluntarily elects to participate.

Section 7-1-609(1)

Subsection 7-1-609(2)

direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of

Section 7-1-609(2)

04

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In force source record

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

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Showing 3 of 3 provisions

Provision 3

Part 7-1-6

part 7-1-6 Deposit Accounts

§ 7-1-609Payroll deduction savings -- Direct deposit of wages.Provision

Source excerpt

A depository institution may contract with an employer to handle payroll deduction savings or direct deposit of wages, subject to employee participation or written designation.

Payroll deduction savings -- Direct deposit of wages. A depository institution may contract with an employer with respect to the: solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.
Section 7-1-609Verify source
§ 7-1-609(1)Subsection 7-1-609(1)Provision

Source excerpt

Savings may be collected through payroll deduction and credited to a designated employee account if the employee voluntarily elects to participate.

solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or
Section 7-1-609(1)Verify source
§ 7-1-609(2)Subsection 7-1-609(2)Provision

Source excerpt

direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of

direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.
Section 7-1-609(2)Verify source

Legislative relationships

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