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Code · Utah · Title 78B — Judicial Code · Chapter 6

78B-6-1237. Investment of sale proceeds for nonresidents or unknown parties.

76 words·~1 min read·/ut/title-78b/chapter-6/78b-6-1237

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78B-6-1237. Investment of sale proceeds for nonresidents or unknown parties.
When there are proceeds of a sale belonging to an unknown owner or to a person outside the state who has no legal representative inside the state, the proceeds shall be invested in bonds of the United States, this state, or a political subdivision of the state for the benefit of the persons entitled the proceeds.
Renumbered and Amended by Chapter 3 , 2008 General Session
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