Utah § 4a-1204 - Interest and penalty for failure to act in timely manner.
Full text of Utah Utah Code § 4a-1204 — Interest and penalty for failure to act in timely manner., with citation guidance and answers to common questions.
§ 4a-1204. Interest and penalty for failure to act in timely manner.
67-4a-1204. Interest and penalty for failure to act in timely manner.
| (1) | A holder that fails to report, pay, or deliver property within the time prescribed by this chapter shall pay to the administrator interest at an annual rate calculated based on the federal short-term rate determined by the secretary of the treasury under Section 6621, Internal Revenue Code, in effect for the preceding fourth calendar quarter plus four percentage points on the property or value of the property from the date the property should have been reported, paid, or delivered to the administrator until the date reported, paid, or delivered. |
| (2) | Except as otherwise provided in Section 67-4a-1205 or 67-4a-1206, the administrator may require a holder that fails to report, pay, or deliver property within the time prescribed by this chapter to pay to the administrator, in addition to interest included under Subsection (1), a civil penalty of $200 for each day the duty is not performed, up to a cumulative maximum amount of $5,000. |
Enacted by Chapter 371, 2017 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 4a-1204
What does Utah Code § 4a-1204 cover?
Section 4a-1204 ("Interest and penalty for failure to act in timely manner.") 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-1204?
A common citation format is "Utah Code § 4a-1204" (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-1204 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.