Utah § 34-23-502 - Minors employed as performers -- Trust required -- Cause of action.
Full text of Utah Utah Code § 34-23-502 — Minors employed as performers -- Trust required -- Cause of action., with citation guidance and answers to common questions.
§ 34-23-502. Minors employed as performers -- Trust required -- Cause of action.
Effective 5/7/2025 34-23-502.
Minors employed as performers -- Trust required -- Cause of action.
(1)
As used in this section, "employer," as that term relates to a market value compensated minor, means the market value compensated minor's parent or guardian.
(2)
On or before January 30 of a calendar year, if in the preceding calendar year a performer earned income of $20,000 or more, the performer's parent or guardian shall:
(a)
establish a trust for the benefit of the performer in accordance with Title 75A, Chapter 8, Uniform Transfer to Minors; and
(b)
unless the performer is a market value compensated minor, notify the performer's employer of the existence of the trust and any additional information required for the employer to transfer gross earnings to the trust.
(3)
(a)
Subject to Subsection (3)(b), the performer's parent or guardian may serve as the trustee of the trust.
(b)
If the average monthly balance of the trust exceeds $250,000 for a consecutive period of at least six months:
(i)
the trustee of the trust shall petition a court to appoint a trustee to replace the trustee; and
(ii)
after receiving a petition under Subsection (3)(b)(i), a court shall appoint a new trustee to replace the trustee.
(c)
A performer's parent or guardian may not access the funds in the trust.
(d)
A beneficiary of a trust established under this section may access the funds in the trust beginning the day on which the beneficiary turns 18 years old.
(4)
The performer's employer shall transfer 15% of the performer's gross earnings into the trust:
(a)
no later than 30 days after the day on which the minor's employment terminates if the minor's term of employment is 30 days or fewer; or
(b)
on the same date that the employer makes payments in accordance with the employer's regular pay period, if the performer's term of employment is more than 30 days.
(5)
The performer's employer shall make the transfer described in Subsection (4) in accordance with Title 75A, Chapter 8, Uniform Transfer to Minors.
(6)
After the performer's employer completes the transfer described in Subsection (4), the performer's employer has no further obligations under this section.
(7)
Notwithstanding any other statute of limitation or repose that may be applicable to an action described in this section, an individual, for up to five years after the day on which the individual turns 18 years old, has a right of action against:
(a)
an employer if the employer fails to transfer funds to the individual's trust as required under this section;
(b)
an individual's parent or guardian if the individual's parent or guardian fails to:
(i)
establish a trust as required under this section; or
(ii)
notify the individual's employer of the existence of the trust as required under this section; and
(c)
the trustee of the individual's trust, if the trustee failed to appoint a trust company to serve as trustee of the trust as required under this section.
(8)
If an individual brings a cause of action under Subsection (7), a court may award:
Section 34-23-502 ("Minors employed as performers -- Trust required -- Cause of action.") 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 § 34-23-502?
A common citation format is "Utah Code § 34-23-502" (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 § 34-23-502 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.
