Utah § 4a-602 - Dormancy charge.

Full text of Utah Utah Code § 4a-602 — Dormancy charge., with citation guidance and answers to common questions.

§ 4a-602. Dormancy charge.

Effective 5/9/2017
67-4a-602.  Dormancy charge.
(1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if:
(a) a valid contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time; and
(b) the holder regularly imposes the charge and regularly does not reverse or otherwise cancel the charge.
(2) The amount of the deduction under Subsection (1) is limited to an amount that is not unconscionable considering all relevant factors, including:
(a) the marginal transactional costs incurred by the holder in maintaining the apparent owner's property; and
(b) any services received by the apparent owner.


Repealed and Re-enacted by Chapter 371, 2017 General Session

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Frequently Asked Questions About Utah § 4a-602

What does Utah Code § 4a-602 cover?

Section 4a-602 ("Dormancy charge.") 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-602?

A common citation format is "Utah Code § 4a-602" (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-602 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.