Utah § 75A-1-210 Deposits in name of several trustees.

Utah Statutes

§ 75A-1-210 — Deposits in name of several trustees.

Utah § 75A-1-210

Title 75AFiduciaries

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

This text of Utah § 75A-1-210 (Deposits in name of several trustees.) 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-1-210 (2026).

Text

When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by a trustee authorized by another trustee to draw checks upon the trust account:

(1)the payee or bank is not bound to inquire whether the deposit is a breach of trust to authorize a trustee to draw checks upon the trust account; and

(2)the payee or bank is not liable unless the circumstances are such that the action of the payee or bank amounts to bad faith.

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When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by a trustee authorized by another trustee to draw checks upon the trust account:
(1) the payee or bank is not bound to inquire whether the deposit is a breach of trust to authorize a trustee to draw checks upon the trust account; and
(2) the payee or bank is not liable unless the circumstances are such that the action of the payee or bank amounts to bad faith.