Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“If specified insolvency events occur for an escrow agent, claims for losses relating to escrowed funds or property receive the same priority as depositor claims under Section 7-2-15.”
Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.
02
How the instrument operates
- 01
Start with the recorded version
Enacted 1991. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
If specified insolvency events occur for an escrow agent, claims for losses relating to escrowed funds or property receive the same priority as depositor claims under Section 7-2-15.
Section 7-22-109
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 1991
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.