Utah Statutes
§ 58-9-702 — Payments to be held in trust -- Trustee qualifications.
Utah·Title 58 Occupations and Professions·Ch. 58-9 Funeral Services Licensing Act·Part 58-9-7 Preneed Funeral Arrangement Requirements
(1)All money representing payments for the purchase of a preneed funeral arrangement shall be deposited by the provider or sales agent receiving the payment:
(1)(a) within 10 business days after the day on which the provider or sales agent receives the payment in the form of cash or cash equivalent; or
(1)(b) within 35 calendar days after the day on which the provider or sales agent receives the payment in the form of a negotiable instrument.
(2)All money received under Subsection (1) shall be placed in a trust account naming as trustee a Utah financial institution authorized to engage in the trust business under Title 7, Chapter 5, Trust Business.
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Utah § 58-9-702 (Payments to be held in trust -- Trustee qualifications.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 49, 2003 General Session
Nearby Sections
15
§ 58-1-102
Definitions.§ 58-1-105
Employment of staff.§ 58-1-108
Adjudicative proceedings.§ 58-1-109
Presiding officers -- Content of orders -- Recommended orders -- Final orders -- Appeal of orders.§ 58-1-112
Data collection.§ 58-1-301.3
Waiver of licensing fees.