Utah Code Ann. tit. 7, ch. 5, pt. 1 – General Provisions | Midpage

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Part 1

Utah Code Ann. tit. 7, ch. 5, pt. 1

General Provisions

7-5-101Definitions.7-5-102Allowable trust companies -- Exceptions.7-5-103Permit required to engage in trust business -- Exceptions.7-5-104Application for authorization to engage in trust business -- Criteria for granting -- Authority of trust company.7-5-105Withdrawal from trust business.7-5-106Revocation of trust authority -- Procedure -- Violations.7-5-107Confidentiality of communications and writings concerning trust -- Actions to protect property or authorized under probate laws not precluded.7-5-108Management and investment of trust money.7-5-109Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.7-5-110Registration of investment in name of nominee -- Records -- Possession of investment.7-5-111Lending trust funds to trust company, officer, director, or employee a felony.7-5-112Self-dealing with trust property -- Own stock as trust property -- Policies for dealing with trust securities.7-5-113Directors' audit of trust business -- Report available to commissioner or examiners -- Examinations in lieu of audit.7-5-114Collective investment funds.7-5-115Mergers, consolidations, acquisitions, transfers, or reorganizations involving entities engaged in trust business -- Succession of rights and duties -- Petition for appointment of another trust company.7-5-116Assets of trust company in possession of the commissioner.