Utah Code § 7-5-15

Current through the 2024 Fourth Special Session
Section 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.

Utah Code § 7-5-15

Amended by Chapter 189, 2014 General Session ,§ 22, eff. 5/13/2014.
Amended by Chapter 200, 1994 General Session