Esheria Esheria Statutes
Ask AI Sign in

United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-5-110

A trust company may require nominee registration for certain securities and, for investments covered by Subsection (4), must keep records, possession or control, and separate custody.

Source excerpt

nominee actsnominee registrationregistered investmentsecurity holdingtrust companytrust company liability
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“A trust company may require nominee registration for certain securities and, for investments covered by Subsection (4), must keep records, possession or control, and separate custody.”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

02

How the instrument operates

  1. 01

    Start with the recorded version

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

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 04

    Verify currency and official wording

    Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

03

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

Subsection 7-5-110(2)

A trust company may require a person to register and hold a security in the name of the trust company’s nominee or nominees.

Section 7-5-110(2)

Subsection 7-5-110(4)

An investment other than a security that was held in a nominee’s name on June 30, 1981, may continue to be held that way.

Section 7-5-110(4)

Subsection 7-5-110(5)(a)

A trust company must at all times keep records showing its ownership of an investment.

Section 7-5-110(5)(a)

Subsection 7-5-110(5)(c)

keep the investment separate and apart from the assets of the trust company.

Section 7-5-110(5)(c)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Legal dates not recorded

In force

This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 9 of 9 provisions

Provision 9

Part 7-5-1

part 7-5-1 General Provisions

§ 7-5-110Registration of investment in name of nominee -- Records -- Possession of investment.Provision

Source excerpt

A trust company may require nominee registration for certain securities and, for investments covered by Subsection (4), must keep records, possession or control, and separate custody.

Registration of investment in name of nominee -- Records -- Possession of investment. As used in this section, "security" means the same as that term is defined in Section 75-1-201 . A trust company may require that a person register and hold a security that the trust company holds in the trust company's agency or fiduciary capacity in the name of a nominee or nominees of the trust company. The trust company is liable for the acts of a nominee described in Subsection (2) with respect to any investment registered in accordance with Subsection (2) . An investment other than a security held in the name of a nominee on June 30, 1981, may continue to be held in that manner. For an investment described in Subsection (4) , the trust company shall: at all times maintain records that show the trust company's ownership of an investment; maintain possession or control over the investment; and keep the investment separate and apart from the assets of the trust company.
Section 7-5-110Verify source
§ 7-5-110(1)Subsection 7-5-110(1)Provision

Source excerpt

This section defines “security” by reference to Section 75-1-201.

As used in this section, "security" means the same as that term is defined in Section 75-1-201 .
Section 7-5-110(1)Verify source
§ 7-5-110(2)Subsection 7-5-110(2)Provision

Source excerpt

A trust company may require a person to register and hold a security in the name of the trust company’s nominee or nominees.

A trust company may require that a person register and hold a security that the trust company holds in the trust company's agency or fiduciary capacity in the name of a nominee or nominees of the trust company.
Section 7-5-110(2)Verify source
§ 7-5-110(3)Subsection 7-5-110(3)Provision

Source excerpt

The trust company is liable for a nominee’s acts for investments registered under Subsection (2).

The trust company is liable for the acts of a nominee described in Subsection (2) with respect to any investment registered in accordance with Subsection (2) .
Section 7-5-110(3)Verify source
§ 7-5-110(4)Subsection 7-5-110(4)Provision

Source excerpt

An investment other than a security that was held in a nominee’s name on June 30, 1981, may continue to be held that way.

An investment other than a security held in the name of a nominee on June 30, 1981, may continue to be held in that manner.
Section 7-5-110(4)Verify source
§ 7-5-110(5)Subsection 7-5-110(5)Provision

Source excerpt

For an investment described in Subsection (4), the trust company must keep records showing its ownership, maintain possession or control of the investment, and keep the investment separate from the trust company’s assets.

For an investment described in Subsection (4) , the trust company shall: at all times maintain records that show the trust company's ownership of an investment; maintain possession or control over the investment; and keep the investment separate and apart from the assets of the trust company.
Section 7-5-110(5)Verify source
§ 7-5-110(5)(a)Subsection 7-5-110(5)(a)Provision

Source excerpt

A trust company must at all times keep records showing its ownership of an investment.

at all times maintain records that show the trust company's ownership of an investment;
Section 7-5-110(5)(a)Verify source
§ 7-5-110(5)(b)Subsection 7-5-110(5)(b)Provision

Source excerpt

Maintain possession or control over the investment.

maintain possession or control over the investment; and
Section 7-5-110(5)(b)Verify source
§ 7-5-110(5)(c)Subsection 7-5-110(5)(c)Provision

Source excerpt

keep the investment separate and apart from the assets of the trust company.

keep the investment separate and apart from the assets of the trust company.
Section 7-5-110(5)(c)Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • Undated version · currentEnglish · In force

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.