Utah § 4a-1503 - Transitional provision.
Full text of Utah Utah Code § 4a-1503 — Transitional provision., with citation guidance and answers to common questions.
§ 4a-1503. Transitional provision.
67-4a-1503. Transitional provision.
| (1) | An initial report filed under this chapter for property that was not required to be reported before May 9, 2017, but that is required to be reported under this chapter, shall include all items of property that would have been presumed abandoned during the 10-year period preceding May 9, 2017, as if this chapter had been in effect during that period. |
| (2) | This chapter does not relieve a holder of a duty that arose before May 9, 2017, to report, pay, or deliver property. |
| (3) | Subject to Subsections 67-4a-610(2) and (3), a holder that did not comply with the law governing unclaimed property before May 9, 2017, is subject to applicable provisions for enforcement and penalties in effect before May 9, 2017. |
Enacted by Chapter 371, 2017 General Session
Frequently Asked Questions About Utah § 4a-1503
What does Utah Code § 4a-1503 cover?
Section 4a-1503 ("Transitional provision.") 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-1503?
A common citation format is "Utah Code § 4a-1503" (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-1503 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.