Full text of Utah Utah Code § 6-2-118 — Winding up., with citation guidance and answers to common questions.
§ 6-2-118. Winding up.
Effective 5/6/2026 6-2-118.
Winding up.
(1)
On completion of an assignee's duties, the assignee shall send a creditor whose claim is allowed under Section 6-2-110, and not satisfied in full, a final accounting sufficient to inform the creditor of all material aspects of the assignment, including:
(a)
a description of the actions taken by the assignee under the assignment;
(b)
a summary of the assets received by the assignee at the commencement of the assignment and the assets received by the assignee during the assignment;
(c)
a summary of disbursements made by the assignee during the assignment for the purpose of administering the assignment estate, including the fees charged by the assignee, and payments to professionals, for rent, and for business purchases;
(d)
a summary of collections and dispositions of assets by the assignee;
(e)
a summary of distributions made or proposed to be made by the assignee for creditor claims;
(f)
a description of additional work to be done by the assignee to complete the administration of the assignment estate and the distributions under Section 6-2-114; and
(g)
other information considered reasonably necessary by the assignee.
(2)
Except as otherwise provided in the final accounting or if the assignee has not fulfilled the assignee's duties under this chapter, the assignee is discharged from the assignee's duties under this chapter when the assignee sends the final accounting and distributes all the assets of the assignment estate.
(3)
If the final accounting describes additional work under Subsection (1)(f), the assignee shall exercise the powers appropriate to complete the work.
Section 6-2-118 ("Winding up.") 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 § 6-2-118?
A common citation format is "Utah Code § 6-2-118" (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 § 6-2-118 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.
