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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-28-107, 2025

A depositor or beneficiary has no property interest in a special deposit.

Source excerpt

beneficiary paymentproperty interestsspecial deposits
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2025
Dates
Enacted 2025
More statute details
Dates
Enacted 2025
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01

Purpose and legislative effect

“A depositor or beneficiary has no property interest in a special deposit.”

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    Enacted 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Subsection 7-28-107(1)

A depositor and a beneficiary do not have a property interest in a special deposit.

Section 7-28-107(1)

Subsection 7-28-107(2)

Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this Subsection (2) is

Section 7-28-107(2)

Subsection 7-28-107(2)(a)

A property interest in a special deposit is limited to the right to receive payment, if the bank must pay a beneficiary, and not the special deposit itself.

Section 7-28-107(2)(a)

Subsection 7-28-107(2)(b)

Any property interest under this Subsection (2) is determined under other law.

Section 7-28-107(2)(b)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Enacted 2025

In force

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Source-indexed provision map

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Showing 5 of 5 provisions

Provision 5

Part 7-28-1

part 7-28-1 Uniform Special Deposits Act

§ 7-28-107Property interest of depositor or beneficiary.Provision

Source excerpt

A depositor or beneficiary has no property interest in a special deposit.

Property interest of depositor or beneficiary. Neither a depositor nor a beneficiary has a property interest in a special deposit. Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this Subsection (2) is determined under other law.
Section 7-28-107Verify source
§ 7-28-107(1)Subsection 7-28-107(1)Provision

Source excerpt

A depositor and a beneficiary do not have a property interest in a special deposit.

Neither a depositor nor a beneficiary has a property interest in a special deposit.
Section 7-28-107(1)Verify source
§ 7-28-107(2)Subsection 7-28-107(2)Provision

Source excerpt

Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this Subsection (2) is

Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself. Any property interest under this Subsection (2) is determined under other law.
Section 7-28-107(2)Verify source
§ 7-28-107(2)(a)Subsection 7-28-107(2)(a)Provision

Source excerpt

A property interest in a special deposit is limited to the right to receive payment, if the bank must pay a beneficiary, and not the special deposit itself.

Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself.
Section 7-28-107(2)(a)Verify source
§ 7-28-107(2)(b)Subsection 7-28-107(2)(b)Provision

Source excerpt

Any property interest under this Subsection (2) is determined under other law.

Any property interest under this Subsection (2) is determined under other law.
Section 7-28-107(2)(b)Verify source

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