Utah § 67-4a-703 Recovery of securities or value by owner.

Utah Statutes

§ 67-4a-703 — Recovery of securities or value by owner.

Utah § 67-4a-703

Title 67State Officers and Employees

Ch. 67-4aRevised Uniform Unclaimed Property Act

Part 67-4a-7Sale of Property by Administrator

This text of Utah § 67-4a-703 (Recovery of securities or value by owner.) 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. § 67-4a-703 (2026).

Text

(1)The administrator may not be held liable for any loss or gain in the value that the financial instrument would have obtained had the financial instrument been held instead of being sold.

(2)Upon approval of a claim, the owner, heir, or agent may request the administrator to dispose of the securities by sale and remit the net proceeds to the owner, heir, or agent.

(3)Upon disapproval of the claim, the administrator may dispose of the securities by sale.

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(1) The administrator may not be held liable for any loss or gain in the value that the financial instrument would have obtained had the financial instrument been held instead of being sold.
(2) Upon approval of a claim, the owner, heir, or agent may request the administrator to dispose of the securities by sale and remit the net proceeds to the owner, heir, or agent.
(3) Upon disapproval of the claim, the administrator may dispose of the securities by sale.