Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Definitions. As used in this chapter: "Account agreement" means an agreement that: is in a record between a bank and one or more depositors; may have one or more beneficiaries as additional parties; and states the intention of the parties”
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02
How the instrument operates
- 01
Start with the recorded version
Enacted 2025. 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
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03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
Definitions. As used in this chapter: "Account agreement" means an agreement that: is in a record between a bank and one or more depositors; may have one or more beneficiaries as additional parties; and states the intention of the parties
Section 7-28-101
under the account agreement; or
Section 7-28-101(3)(b)(i)
A beneficiary is entitled to receive a payment from the bank under the account agreement when a contingency has occurred and the bank knows it has occurred.
Section 7-28-101(9)
settle an obligation that arises in the operation of a payment system, securities settlement system, or other financial market infrastructure;
Section 7-28-101(10)(b)(iii)
“State” includes an agency or instrumentality of the state.
Section 7-28-101(14)(b)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 2025
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.