Utah § 7-5-114 - Collective investment funds.

Full text of Utah Utah Code § 7-5-114 — Collective investment funds., with citation guidance and answers to common questions.

§ 7-5-114. Collective investment funds.

Effective 5/6/2026
7-5-114.  Collective investment funds.
(1)A trust company may:
(a)establish collective investment funds that authorize participation by fiduciary or trust accounts of the trust company, the trust company's affiliates, or both; and
(b)participate in collective investment funds established by an affiliate of the trust company, if:
(i)the affiliate is authorized under the laws of the trust company's chartering authority to establish a collective investment fund in which the trust company's affiliates may participate; and
(ii)the plan establishing the collective investment fund specifically authorized the participation.
(2)A person may invest funds that a trust company holds collectively in a collective investment fund in accordance with the rules prescribed by the appropriate governmental regulatory agency or agencies, if the instrument, judgment, decree, or order creating the regulatory relationship does not specifically prohibit the investment.
(3)
(a)Unless ordered to do so by a court, a trust company operating collective investment funds is not required to render a court accounting for the collective investment funds.
(b)A trust company may petition a court with jurisdiction under Title 78A, Judiciary and Judicial Administration, to secure approval of a court accounting on conditions the court establishes.
(4)This section applies to all relationships in existence on or after May 1, 1989.


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 § 7-5-114

What does Utah Code § 7-5-114 cover?

Section 7-5-114 ("Collective investment funds.") 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 § 7-5-114?

A common citation format is "Utah Code § 7-5-114" (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 § 7-5-114 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.