There is a newer version of the Utah Code
2015 Utah Code
Title 7 - Financial Institutions Act
Chapter 5 - Trust Business
- Section 1 - Definitions -- Allowable trust companies -- Exceptions.
- Section 2 - Permit required to engage in trust business -- Exceptions.
- Section 3 - Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company.
- Section 4 - Withdrawal from trust business.
- Section 5 - Revocation of trust authority -- Procedure.
- Section 6 - Confidentiality of communications and writings concerning trust -- Actions to protect property or authorized under probate laws not precluded.
- Section 7 - Management and investment of trust money.
- Section 8 - Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.
- Section 9 - Registration of investment in name of nominee -- Records -- Possession of investment.
- Section 10 - Lending trust funds to trust company, officer, director, or employee as felony.
- Section 11 - Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.
- Section 12 - Directors' audit of trust business -- Report available to commissioner or examiners -- Examinations in lieu of audit.
- Section 13 - Collective investment funds.
- Section 14 - Mergers, consolidations, acquisitions, transfers, or reorganizations involving entities engaged in trust business -- Succession of rights and duties -- Petition for appointment of another trust company.
- Section 15 - Assets of trust company in possession of the commissioner.
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