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2021 Utah Code
Title 7 - Financial Institutions Act
Chapter 5 - Trust Business
Section 15 - Assets of trust company in possession of the commissioner.
Universal Citation:
UT Code § 7-5-15 (2021)
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Effective 5/13/2014
7-5-15. Assets of trust company in possession of the commissioner.
With respect to a trust company in the possession of the commissioner under Chapter 2, Possession of Depository Institution by Commissioner, notwithstanding any law to the contrary, the assets held by the trust company in a fiduciary capacity as a part of its trust business, as defined in Section 7-5-1, are not subject to the claims of any secured or unsecured creditor of the trust company.
Amended by Chapter 189, 2014 General Session
7-5-15. Assets of trust company in possession of the commissioner.
With respect to a trust company in the possession of the commissioner under Chapter 2, Possession of Depository Institution by Commissioner, notwithstanding any law to the contrary, the assets held by the trust company in a fiduciary capacity as a part of its trust business, as defined in Section 7-5-1, are not subject to the claims of any secured or unsecured creditor of the trust company.
Amended by Chapter 189, 2014 General Session
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