Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A special deposit must keep at least one permissible purpose in its account agreement until it ends.”
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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.
A special deposit must keep at least one permissible purpose in its account agreement until it ends.
Section 7-28-105
A special deposit must be used for at least one permissible purpose listed in the account agreement.
Section 7-28-105(1)
If the bank or a court determines, before termination, that a special deposit no longer meets Subsection (1), Sections 7-28-107 through 7-28-110 stop applying to funds deposited after that point.
Section 7-28-105(2)
If, before termination of a special deposit, the bank determines the special deposit no longer satisfies Subsection (1), the bank may take action the bank believes is necessary under the circumstances, including terminating the special
Section 7-28-105(3)
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.