Utah § 41-1a-1104 Disposition of proceeds from sale.

Utah Statutes

§ 41-1a-1104 — Disposition of proceeds from sale.

Utah·Title 41 Motor Vehicles·Ch. 41-1a Motor Vehicle Act·Part 41-1a-11 Impounded Vehicles, Vessels, or Outboard Motors

(1)If, for purposes of this part and Section 41-1a-1301, the ownership of a vehicle, vessel, or outboard motor seized cannot be determined, the excess of the proceeds of any sale described in Subsection 41-1a-1103(4), over the fees for registration or transfer and penalties and costs, shall be deposited with the state treasurer in a suspense account.

(2)(2)(a) If the owner or the owner's heirs or assigns file a claim for the excess of the proceeds within one year of date of sale of the vehicle, vessel, or outboard motor, the excess of the proceeds shall be refunded to the claimant.

(2)(b) If a claim is not filed in accordance with Subsection (2)(a), then the money shall be deposited in the General Fund.

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(1) If, for purposes of this part and Section 41-1a-1301, the ownership of a vehicle, vessel, or outboard motor seized cannot be determined, the excess of the proceeds of any sale described in Subsection 41-1a-1103(4), over the fees for registration or transfer and penalties and costs, shall be deposited with the state treasurer in a suspense account.
(2) (2)(a) If the owner or the owner's heirs or assigns file a claim for the excess of the proceeds within one year of date of sale of the vehicle, vessel, or outboard motor, the excess of the proceeds shall be refunded to the claimant.
(2)(b) If a claim is not filed in accordance with Subsection (2)(a), then the money shall be deposited in the General Fund.

Utah § 41-1a-1104 (Disposition of proceeds from sale.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.