Utah § 75A-1-209 Deposits in a fiduciary's personal account.

Utah Statutes

§ 75A-1-209 — Deposits in a fiduciary's personal account.

Utah § 75A-1-209

Title 75AFiduciaries

Part 75A-1-2Payments and Deposits by Fiduciaries

This text of Utah § 75A-1-209 (Deposits in a fiduciary's personal account.) 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. § 75A-1-209 (2026).

Text

If a principal authorizes a fiduciary to write or endorse a check for the principal, and the fiduciary writes a check payable to the fiduciary and deposits the check in a bank into the fiduciary's personal account:

(1)the bank is not bound to inquire whether a fiduciary is committing a breach of the fiduciary's obligation to a principal; and

(2)the bank is authorized to pay the amount of the deposit or any part of a personal check of the fiduciary without being liable to the principal unless:

(2)(a) the bank deposits the check for a fiduciary with actual knowledge that the fiduciary is committing a breach of the fiduciary's obligation in depositing the check; or

(2)(b) the bank knows that depositing the check for the fiduciary amounts to bad faith.

Free access — add to your briefcase to read the full text and ask questions with AI

If a principal authorizes a fiduciary to write or endorse a check for the principal, and the fiduciary writes a check payable to the fiduciary and deposits the check in a bank into the fiduciary's personal account:
(1) the bank is not bound to inquire whether a fiduciary is committing a breach of the fiduciary's obligation to a principal; and
(2) the bank is authorized to pay the amount of the deposit or any part of a personal check of the fiduciary without being liable to the principal unless:
(2)(a) the bank deposits the check for a fiduciary with actual knowledge that the fiduciary is committing a breach of the fiduciary's obligation in depositing the check; or
(2)(b) the bank knows that depositing the check for the fiduciary amounts to bad faith.