Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A special deposit ends five years after it was first funded unless the account agreement says otherwise.”
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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 ends five years after it was first funded unless the account agreement says otherwise.
Section 7-28-112
A special deposit ends five years after it was first funded, unless the account agreement says otherwise.
Section 7-28-112(1)
If a special deposit ends and the bank cannot find the entitled beneficiary, the bank must pay any remaining balance to the depositor or depositors, unless the account agreement says otherwise.
Section 7-28-112(2)
A bank that pays the remaining balance as provided under Subsection (2) has no further obligation for the special deposit.
Section 7-28-112(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.