Utah § 7-28-104 - Requirements for special deposit.
Full text of Utah Utah Code § 7-28-104 — Requirements for special deposit., with citation guidance and answers to common questions.
§ 7-28-104. Requirements for special deposit.
7-28-104. Requirements for special deposit.
A deposit is a special deposit if the deposit is:
| (1) | a deposit of funds in a bank under an account agreement; |
| (2) | for the benefit of at least two beneficiaries, one or more of which may be a depositor; |
| (3) | denominated in a medium of exchange that is currently authorized or adopted by a domestic or foreign government; |
| (4) | for a permissible purpose stated in the account agreement; and |
| (5) | subject to a contingency. |
Enacted by Chapter 482, 2025 General Session
Frequently Asked Questions About Utah § 7-28-104
What does Utah Code § 7-28-104 cover?
Section 7-28-104 ("Requirements for special deposit.") 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 § 7-28-104?
A common citation format is "Utah Code § 7-28-104" (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 § 7-28-104 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.