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Code · Utah · Title 7 — Financial Institutions Act · Chapter 28

7-28-107. Property interest of depositor or beneficiary.

80 words·~1 min read·/ut/title-7/chapter-28/7-28-107

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/7/2025
7-28-107. Property interest of depositor or beneficiary.
(1)Neither a depositor nor a beneficiary has a property interest in a special deposit.
(a)Any property interest with respect to a special deposit is only in the right to receive payment if the bank is obligated to pay a beneficiary and not in the special deposit itself.
(b)Any property interest under this Subsection
(2)is determined under other law.
Enacted by Chapter 482 , 2025 General Session
★   the supreme law of the land   ★
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