Utah § 7-28-104 Requirements for special deposit.

Utah Statutes

§ 7-28-104 — Requirements for special deposit.

Utah § 7-28-104

Title 7Financial Institutions Act

Ch. 7-28Uniform Special Deposits Act

This text of Utah § 7-28-104 (Requirements for special deposit.) 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. § 7-28-104 (2026).

Text

A deposit is a special deposit if the deposit is:

(1)a deposit of funds in a bank under an account agreement;

(2)for the benefit of at least two beneficiaries, one or more of which may be a depositor;

(3)denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;

(4)for a permissible purpose stated in the account agreement; and

(5)subject to a contingency.

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A deposit is a special deposit if the deposit is:
(1) a deposit of funds in a bank under an account agreement;
(2) for the benefit of at least two beneficiaries, one or more of which may be a depositor;
(3) denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government;
(4) for a permissible purpose stated in the account agreement; and
(5) subject to a contingency.