Utah § 4a-801 - Unclaimed Property Fund -- Deposit of funds by administrator.
Full text of Utah Utah Code § 4a-801 — Unclaimed Property Fund -- Deposit of funds by administrator., with citation guidance and answers to common questions.
§ 4a-801. Unclaimed Property Fund -- Deposit of funds by administrator.
Effective 7/1/2026 67-4a-801.
Unclaimed Property Fund -- Deposit of funds by administrator.
(1)
(a)
There is created a custodial fund entitled the "Unclaimed Property Fund."
(b)
Except as otherwise provided in this section, the administrator shall deposit all funds received under this chapter, including proceeds from the sale of property under Part 7, Sale of Property by Administrator, in the fund.
(c)
The fund shall earn interest.
(2)
The administrator shall:
(a)
pay any legitimate claims or deductions authorized by this chapter from the fund;
(b)
before the end of the fiscal year, estimate the amount of money from the fund that will ultimately be needed to be paid to claimants; and
(c)
at the end of the fiscal year, transfer any amount in excess of that amount to the Uniform School Fund, except that unclaimed restitution for crime victims shall be transferred to the Crime Victim Compensation Fund.
(3)
Before making any transfer to the Uniform School Fund, the administrator may deduct from the fund:
(a)
amounts appropriated by the Legislature for administration of this chapter;
(b)
any costs incurred in connection with the sale of abandoned property;
(c)
costs of mailing and publication in connection with any abandoned property;
(d)
reasonable service charges; and
(e)
costs incurred in examining records of holders of property and in collecting the property from those holders.
Section 4a-801 ("Unclaimed Property Fund -- Deposit of funds by administrator.") 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-801?
A common citation format is "Utah Code § 4a-801" (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-801 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.
