Utah § 7-5-109 - Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.

Full text of Utah Utah Code § 7-5-109 — Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company., with citation guidance and answers to common questions.

§ 7-5-109. Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.

Effective 5/6/2026
7-5-109.  Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.
(1)A trust company exercising the powers to act as an agent or fiduciary under this chapter shall:
(a)segregate all assets the trust company holds in any agency or fiduciary capacity from the general assets of the trust company; and
(b)keep a separate set of books and records showing in proper detail each transaction in which the trust company engages in accordance with this chapter.
(2)The trust company shall allow the commissioner, an examiner the commissioner appoints in accordance with Chapter 1, General Provisions, and an appropriate regulating agency to inspect books and records described in Subsection (1).
(3)Property the trust company holds in an agency or fiduciary capacity is not subject to claims or debts against the trust company.


Renumbered and Amended by Chapter 112, 2026 General Session

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

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Frequently Asked Questions About Utah § 7-5-109

What does Utah Code § 7-5-109 cover?

Section 7-5-109 ("Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.") 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 § 7-5-109?

A common citation format is "Utah Code § 7-5-109" (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 § 7-5-109 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.