Utah Statutes
§ 67-4a-703 — Recovery of securities or value by owner.
Utah·Title 67 State Officers and Employees·Ch. 67-4a Revised Uniform Unclaimed Property Act·Part 67-4a-7 Sale of Property by Administrator
(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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Legislative History
Repealed and Re-enacted by Chapter 371, 2017 General Session
Nearby Sections
15
§ 67-1-1
General powers and duties.§ 67-1-1.5
Gubernatorial appointment powers.§ 67-1-12
Displaced defense workers.§ 67-1-14
Information technology.§ 67-1-4
Records to be kept.§ 67-1-5
Commissioning officers.