Utah § 7-1-601 - Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.
Full text of Utah Utah Code § 7-1-601 — Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment., with citation guidance and answers to common questions.
§ 7-1-601. Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.
7-1-601. Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.
Receipt of a notice of an adverse claim to a deposit or other account standing on the books of any depository institution doing business in this state does not obligate the depository institution to the adverse claimant, unless the notice is given pursuant to an appropriate court order, obtained by the adverse claimant in a legal action instituted by the adverse claimant in which the person to whose credit the deposit stands is made a party. Such depository institution may also pay the adverse claim, if the claimant executes to the depository institution a good and sufficient bond in double the amount claimed, indemnifying it from any and all liability, loss, damage, costs and expenses including attorney fees for and on account of the payment of the adverse claim or the dishonor of a check or other instrument of the person to whose credit the deposit stands on its books.
Amended by Chapter 302, 2025 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-1-601
What does Utah Code § 7-1-601 cover?
Section 7-1-601 ("Adverse claim to account in depository institution -- Notice required -- Bond may be required for payment.") 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 § 7-1-601?
A common citation format is "Utah Code § 7-1-601" (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 § 7-1-601 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.