Utah Statutes
§ 7-28-104 — Requirements for special deposit.
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 7-28-104 (Requirements for special deposit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 482, 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
Control.