Utah § 18c-305 - State treasurer's certificate to satisfy owner's or operator's security requirement.
Full text of Utah Utah Code § 18c-305 — State treasurer's certificate to satisfy owner's or operator's security requirement., with citation guidance and answers to common questions.
§ 18c-305. State treasurer's certificate to satisfy owner's or operator's security requirement.
| (1) | A certificate of the state treasurer that conforms to this section satisfies the owner's or operator's security requirement of Section 73-18c-301. |
| (2) | The certificate of the state treasurer shall certify that the person named in it has deposited in trust with the state treasurer cash in an amount equal to twice the single limit under Subsection 31A-22-1503(2) or securities with a fair market value of a similar amount, which securities are legal investments for insurers under Section 31A-18-105. The state treasurer may not accept a deposit and issue a certificate for it, unless the deposit is accompanied by evidence that there are no unsatisfied liens of any character on the assets deposited. |
| (3) | The deposit shall be held by the state treasurer in trust to satisfy any execution on a judgment that would be paid under an insurance policy conforming to Sections 31A-22-1502 and 31A-22-1503 had the treasurer issued such a policy. |
| (4) | Except as provided under Subsection (3), assets deposited with the treasurer under this chapter are exempt from attachment or execution. |
Enacted by Chapter 348, 1997 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 18c-305
What does Utah Code § 18c-305 cover?
Section 18c-305 ("State treasurer's certificate to satisfy owner's or operator's security requirement.") 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 § 18c-305?
A common citation format is "Utah Code § 18c-305" (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 § 18c-305 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.