Full text of Utah Utah Code § 4a-701 — Public sale of tangible property., with citation guidance and answers to common questions.
§ 4a-701. Public sale of tangible property.
Effective 5/6/2026 67-4a-701.
Public sale of tangible property.
(1)
Subject to Section 67-4a-702, not earlier than three years after receipt of tangible property presumed abandoned, the administrator may sell the property.
(2)
Before selling property under Subsection (1), the administrator shall give notice to the public of:
(a)
the date of the sale; and
(b)
a reasonable description of the property.
(3)
A sale under Subsection (1) shall be to the highest bidder:
(a)
at a public sale at a location in this state that the administrator determines to be the most favorable market for the property;
(b)
on the internet; or
(c)
on another forum the administrator determines likely to yield the highest net proceeds of sale.
(4)
The administrator may decline the highest bid at a sale under this section and reoffer the property for sale if the administrator determines the highest bid is insufficient.
(5)
If a sale held under this section is to be conducted other than on the internet, the administrator shall cause to be published at least one notice of the sale, at least two weeks but not more than five weeks before the sale, in a newspaper of general circulation in the county in which the property is to be sold.
(6)
(a)
Property eligible for sale will not be sold if a claim has been filed with the administrator by an apparent owner, heir, or agent.
(b)
Upon approval of a claim, the owner, heir, or agent may request the administrator to dispose of the property by sale and remit the net proceeds to the owner, heir, or agent.
(c)
Upon disapproval of the claim, the administrator may dispose of the property by sale.
Section 4a-701 ("Public sale of tangible property.") 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-701?
A common citation format is "Utah Code § 4a-701" (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-701 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.
