Utah § 7-1-609 Payroll deduction savings -- Direct deposit of wages.

Utah Statutes

§ 7-1-609 — Payroll deduction savings -- Direct deposit of wages.

Utah·Title 7 Financial Institutions Act·Ch. 7-1 General Provisions·Part 7-1-6 Deposit Accounts

A depository institution may contract with an employer with respect to the:

(1)solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or

(2)direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.

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A depository institution may contract with an employer with respect to the:
(1) solicitation, collection, and receipt of savings by payroll deduction to be credited to a designated account of an employer's employee who voluntarily elects to participate; or
(2) direct deposit by electronic or other medium of wages or salary paid by the employer to the account of the employee in a depository institution upon the employee's designation in writing of the depository institution as the recipient of the deposits.

Utah § 7-1-609 (Payroll deduction savings -- Direct deposit of wages.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.