Utah Code § 31A-22-105
Common control of fiduciary funds permissible
Utah · Utah Code Title 31A — Insurance Code · Status: effective
Cite this
- Citation
- Utah Code § 31A-22-105, Common control of fiduciary funds permissible, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2333615
- Permanent ID
ys:prov:2333615@1- SHA-256
cbadd144e5091b5a46b8c134718f68efb9d1a4419b746878fa25bbb5f8ec25d6
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Any fiduciary from whom a bond, undertaking, or other obligation is required may agree and arrange with the fiduciary's sureties for the deposit for safekeeping of any and all assets for which the fiduciary is responsible with a depository institution authorized by law to hold the assets, in a manner which prevents the withdrawal or alienation of any part of the property without the written consent of the sureties, or an order of the court made after notice is given to the sureties and a hearing is held as directed by the court. This deposit agreement does not release or change the fiduciary responsibility of the principal, or the liability of the principal or sureties as established under the bond.