7-28-102. Scope -- Choice of law -- Forum.
168 words·~1 min read·
/ut/title-7/chapter-28/7-28-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
7-28-102. Scope -- Choice of law -- Forum.
(1)This chapter applies to a special deposit under an account agreement that states the intention of the parties to establish a special deposit governed by this chapter, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.
(2)The parties to an account agreement may choose a forum in this state for settling a dispute arising out of the special deposit, regardless of whether a party to the account agreement or a transaction related to the special deposit, or the special deposit itself, has a reasonable relation to this state.
(3)This chapter does not affect:
(a)a right or obligation relating to a deposit other than a special deposit under this chapter; or
(b)the voidability of a deposit or transfer that is fraudulent or voidable under other law.
Enacted by Chapter 482 , 2025 General Session