Utah § 6-2-103 - Requirements for assignee and assignment agreement.

Full text of Utah Utah Code § 6-2-103 — Requirements for assignee and assignment agreement., with citation guidance and answers to common questions.

§ 6-2-103. Requirements for assignee and assignment agreement.

Effective 5/6/2026
6-2-103. Requirements for assignee and assignment agreement.

(1)

An assignee must be a person that:

(a)	is not a creditor, affiliate, or insider of the assignor;

(b)	is not an affiliate or insider of a creditor of the assignor;

(c)	does not have a claim against the assignment estate, other than a claim for fees and expenses to be paid under the assignment agreement;

(d)	does not have a material financial interest in the outcome of the assignment, other than a claim for fees and expenses to be paid under the assignment agreement;

(e)	does not hold an equity interest in the assignor other than a noncontrolling interest in a publicly traded company; and

(f)	is not an affiliate of a person that fails to satisfy Subsection (a), (b), (c), (d), or (e).

(2)	A person that satisfies Subsection (1) is not precluded from being an assignee merely because the person performed services for the assignor before the assignment.

(3)

(a)	An assignment agreement must be in a record signed by the assignor and the assignee.

(b)

The record must:

(i)	state the name and address of the assignor and of the assignee;

(ii)	transfer or provide for a transfer of all the assignor's assets;

(iii)

describe the assigned assets in sufficient detail to identify the assets;

(iv)	provide for the distribution of the assignment estate;

(v)	describe the fees to be charged by the assignee in connection with the assignment, including the basis on which the fees are to be calculated; and

(vi)	include a representation by the assignor, under penalty of perjury, that the assignor is assigning all the assignor's assets.

(4)	If an assignee relies in good faith on the assignor's representation made under Subsection (3)(b)(vi), all the assignor's assets are deemed to be assigned, even if the representation is inaccurate.

Enacted by Chapter 314, 2026 General Session

Source: official Utah text · Last verified 2026-08-27

Frequently Asked Questions About Utah § 6-2-103

What does Utah Code § 6-2-103 cover?

Section 6-2-103 ("Requirements for assignee and assignment agreement.") 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 § 6-2-103?

A common citation format is "Utah Code § 6-2-103" (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 § 6-2-103 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

Official text of § 6-2-103 at the Utah source

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.