Utah Code -- Title 07 -- Chapter 05 -- Trust Business

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Updated: 11 January 2012

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7-5-1 Definitions -- Allowable trust companies -- Exceptions.

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7-5-2 Permit required to engage in trust business -- Exceptions.

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7-5-3 Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company.

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7-5-4 Withdrawal from trust business.

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7-5-5 Revocation of trust authority -- Procedure.

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7-5-6 Confidentiality of communications and writings concerning trust -- Actions to protect property or authorized under probate laws not precluded.

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7-5-7 Management and investment of trust funds.

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7-5-8 Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.

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7-5-9 Registration of investment in name of nominee -- Records -- Possession of investment.

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7-5-10 Lending trust funds to trust company, officer, director, or employee as felony.

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7-5-11 Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.

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7-5-12 Directors' audit of trust business -- Report available to commissioner or examiners -- Examinations in lieu of audit.

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7-5-13 Collective investment funds.

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7-5-14 Mergers, consolidations, acquisitions, transfers, or reorganizations involving entities engaged in trust business -- Succession of rights and duties -- Petition for appointment of another trust company.

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7-5-15 Assets of trust company in possession of the commissioner.

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means this portion of the Utah Code has been modified since the last update on 1 November 2011.