Utah § 61-1-202 Governmental and third party disclosures.

Utah Statutes

§ 61-1-202 — Governmental and third party disclosures.

Utah § 61-1-202

Title 61Securities Division - Real Estate Division

Ch. 61-1Utah Uniform Securities Act

Part 61-1-2Protection of Vulnerable Adults from Financial Exploitation Act

This text of Utah § 61-1-202 (Governmental and third party disclosures.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 61-1-202 (2026).

Text

(1)If a broker-dealer, an investment adviser, or a qualified individual reasonably believes that a person has engaged in or attempted to engage in the financial exploitation of an eligible adult, the broker-dealer, investment adviser, or qualified individual:

(1)(a) shall promptly notify the division and Adult Protective Services; and

(1)(b) subject to Subsection (2), may notify a person previously designated by the eligible adult, a person allowed to receive notification under applicable law or any customer agreement, or an individual reasonably associated with the eligible adult.

(2)A broker-dealer, an investment adviser, or a qualified individual may not notify a third party under Subsection (1)(b) if the third party is suspected of engaging in the financial exploitation of the eligi

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(1) If a broker-dealer, an investment adviser, or a qualified individual reasonably believes that a person has engaged in or attempted to engage in the financial exploitation of an eligible adult, the broker-dealer, investment adviser, or qualified individual:

(1)(a) shall promptly notify the division and Adult Protective Services; and
(1)(b) subject to Subsection (2), may notify a person previously designated by the eligible adult, a person allowed to receive notification under applicable law or any customer agreement, or an individual reasonably associated with the eligible adult.
(2) A broker-dealer, an investment adviser, or a qualified individual may not notify a third party under Subsection (1)(b) if the third party is suspected of engaging in the financial exploitation of the eligible adult or other abuse of the eligible adult.