Utah § 58-9-704 - Interest earned on trust funds.

Full text of Utah Utah Code § 58-9-704 — Interest earned on trust funds., with citation guidance and answers to common questions.

§ 58-9-704. Interest earned on trust funds.

58-9-704.  Interest earned on trust funds.
     Interest earned on trust funds shall be available for expenditure according to the following priority:
(1) to pay the reasonable trustee expenses of administering the trust within a maximum amount established by rule;
(2) to pay within a maximum amount established by rule under Section 58-9-504 the reasonable provider expenses associated with:
(a) the sale of the plan;
(b) administering the collection, remittance, and accounting of the amount of payments made into the corpus of the trust; and
(c) reporting required with respect to those contracts:
(i) that have been sold; and
(ii) under which the provider is obligated;
(3) to pay the costs of providing any of the following for which the provider is obligated under a specific outstanding preneed funeral arrangement contract:
(a) personal property; and
(b) services at need; and
(4) to pay the provider available funds left in the individual trust account after:
(a) all costs of providing personal property and services for which the provider is obligated under the contract underlying the trust; or
(b)
(i) the contract is canceled as provided under this chapter; and
(ii) all amounts payable to the buyer, beneficiary, or any other person have been paid in full.


Enacted by Chapter 49, 2003 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 58-9-704

What does Utah Code § 58-9-704 cover?

Section 58-9-704 ("Interest earned on trust funds.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 58-9-704?

A common citation format is "Utah Code § 58-9-704" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 58-9-704 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.