Utah Statutes
§ 7-1-613 — Incompetency of savings account owner.
Utah § 7-1-613
JurisdictionUtah
Title 7Financial Institutions Act
Ch. 7-1General Provisions
Part 7-1-6Deposit Accounts
This text of Utah § 7-1-613 (Incompetency of savings account 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. § 7-1-613 (2026).
Text
When a savings account is held in any depository institution by a person who becomes incompetent and an adjudication of incompetency has been made by a court of competent jurisdiction, the institution may pay or deliver the withdrawal value of the savings account and any earnings that may have accrued on the account to the conservator for that person upon proof of the conservator's appointment and qualification. However, if the institution has received no written notice and is not on actual notice that the savings account holder has been adjudicated incompetent, it may pay or deliver the funds to the holder in accordance with the provision of the savings account contract, and the receipt or acquittance of the holder therefor shall be a valid and sufficient release and discharge of the inst
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Legislative History
Amended by Chapter 302, 2025 General Session
Nearby Sections
15
§ 7-1-1001
Definitions -- Written consent or court order for disclosure by financial institution -- Exception.§ 7-1-1005
Admissibility of information restricted.§ 7-1-1007
Liability of financial institutions.§ 7-1-101
Title.§ 7-1-103
Definitions.§ 7-1-103.5
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Bluebook (online)
Utah § 7-1-613, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/7-1-613.