United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-28-104, 2025

A deposit counts as a special deposit only if it meets all stated conditions.

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01

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“A deposit counts as a special deposit only if it meets all stated conditions.”

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Subsection 7-28-104(3)

denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

Section 7-28-104(3)

Subsection 7-28-104(4)

Use is allowed only for a permissible purpose stated in the account agreement.

Section 7-28-104(4)

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In force source record

Source record from le.utah.gov · Enacted 2025

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Showing 6 of 6 provisions

Provision 6

Part 7-28-1

part 7-28-1 Uniform Special Deposits Act

§ 7-28-104Requirements for special deposit.Provision

A deposit counts as a special deposit only if it meets all stated conditions.

Requirements for special deposit. A deposit is a special deposit if the deposit is: a deposit of funds in a bank under an account agreement; for the benefit of at least two beneficiaries, one or more of which may be a depositor; denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government; for a permissible purpose stated in the account agreement; and subject to a contingency.
Section 7-28-104Verify source
§ 7-28-104(1)Subsection 7-28-104(1)Provision

a deposit of funds in a bank under an account agreement;

a deposit of funds in a bank under an account agreement;
Section 7-28-104(1)Verify source
§ 7-28-104(2)Subsection 7-28-104(2)Provision

for the benefit of at least two beneficiaries, one or more of which may be a depositor;

for the benefit of at least two beneficiaries, one or more of which may be a depositor;
Section 7-28-104(2)Verify source
§ 7-28-104(3)Subsection 7-28-104(3)Provision

denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
Section 7-28-104(3)Verify source
§ 7-28-104(4)Subsection 7-28-104(4)Provision

Use is allowed only for a permissible purpose stated in the account agreement.

for a permissible purpose stated in the account agreement; and
Section 7-28-104(4)Verify source
§ 7-28-104(5)Subsection 7-28-104(5)Provision

subject to a contingency.

subject to a contingency.
Section 7-28-104(5)Verify source

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  • Undated version · currentEnglish · In force

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