Utah § 4a-1006 - Failure of person examined to retain records.
Full text of Utah Utah Code § 4a-1006 — Failure of person examined to retain records., with citation guidance and answers to common questions.
§ 4a-1006. Failure of person examined to retain records.
67-4a-1006. Failure of person examined to retain records.
| (1) | If a person subject to examination under Section 67-4a-1002 does not retain the records required by Section 67-4a-404, the administrator may determine the value of property due using a reasonable method of estimation based on all information available to the administrator, including extrapolation and use of statistical sampling when appropriate and necessary, consistent with examination procedures and standards adopted under Subsection 67-4a-1003(1) and in accordance with Subsection 67-4a-1003(2). |
| (2) | A payment made based on estimation under this section is a penalty for failure to maintain the records required by Section 67-4a-404 and does not relieve a person from an obligation to report and deliver property to a state in which the holder is domiciled. |
Enacted by Chapter 371, 2017 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 4a-1006
What does Utah Code § 4a-1006 cover?
Section 4a-1006 ("Failure of person examined to retain records.") 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 § 4a-1006?
A common citation format is "Utah Code § 4a-1006" (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 § 4a-1006 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.