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

7-28-115. Transitional provision.

81 words·~1 min read·/ut/title-7/chapter-28/7-28-115

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

Effective 5/7/2025
7-28-115. Transitional provision.
This chapter applies to:
(1)a special deposit made under an account agreement executed on or after May 7, 2025; and
(2)a deposit made under an agreement executed before May 7, 2025, if:
(a)all parties entitled to amend the agreement agree to make the deposit a special deposit governed by this chapter; and
(b)the special deposit referenced in the amended agreement satisfies Section 7-28-104 .
Enacted by Chapter 482 , 2025 General Session
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