Utah § 7-28-103 - Variation by agreement or amendment.

Full text of Utah Utah Code § 7-28-103 — Variation by agreement or amendment., with citation guidance and answers to common questions.

§ 7-28-103. Variation by agreement or amendment.

Effective 5/7/2025
7-28-103.  Variation by agreement or amendment.
(1)
(a)The effect of Sections 7-28-101 through 7-28-105, Sections 7-28-107 through 7-28-110, and Section 7-28-113 may not be varied by agreement, except as provided in those sections.
(b)Subject to Subsection (2), the effect of Sections 7-28-106, 7-28-111, and 7-28-112 may be varied by agreement.
(2)A provision in an account agreement or other record that substantially excuses liability or substantially limits remedies for failure to perform an obligation under this chapter is not sufficient to vary the effect of a provision of this chapter.
(3)If a beneficiary is a party to an account agreement, the bank and the depositor may amend the agreement without the consent of the beneficiary only if the agreement expressly permits the amendment.
(4)If a beneficiary is not a party to an account agreement and the bank and the depositor know the beneficiary has knowledge of the agreement's terms, the bank and the depositor may amend the agreement without the consent of the beneficiary only if the amendment does not adversely and materially affect a payment right of the beneficiary.
(5)If a beneficiary is not a party to an account agreement and the bank and the depositor do not know whether the beneficiary has knowledge of the agreement's terms, the bank and the depositor may amend the agreement without the consent of the beneficiary only if the amendment is made in good faith.


Enacted by Chapter 482, 2025 General Session

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Frequently Asked Questions About Utah § 7-28-103

What does Utah Code § 7-28-103 cover?

Section 7-28-103 ("Variation by agreement or amendment.") 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 § 7-28-103?

A common citation format is "Utah Code § 7-28-103" (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 § 7-28-103 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

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