State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-609

7-1-609. Payroll deduction savings -- Direct deposit of wages.
A depository institution may contract with an employer with respect to the:
(1) solicitation, collection, and receipt of savings by payroll deduction to be credited to adesignated account of an employer's employee who voluntarily elects to participate; or
(2) direct deposit by electronic or other medium of wages or salary paid by the employerto the account of the employee in a depository institution upon the employee's designation inwriting of the depository institution as the recipient of the deposits.

Amended by Chapter 90, 1996 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-609

7-1-609. Payroll deduction savings -- Direct deposit of wages.
A depository institution may contract with an employer with respect to the:
(1) solicitation, collection, and receipt of savings by payroll deduction to be credited to adesignated account of an employer's employee who voluntarily elects to participate; or
(2) direct deposit by electronic or other medium of wages or salary paid by the employerto the account of the employee in a depository institution upon the employee's designation inwriting of the depository institution as the recipient of the deposits.

Amended by Chapter 90, 1996 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-609

7-1-609. Payroll deduction savings -- Direct deposit of wages.
A depository institution may contract with an employer with respect to the:
(1) solicitation, collection, and receipt of savings by payroll deduction to be credited to adesignated account of an employer's employee who voluntarily elects to participate; or
(2) direct deposit by electronic or other medium of wages or salary paid by the employerto the account of the employee in a depository institution upon the employee's designation inwriting of the depository institution as the recipient of the deposits.

Amended by Chapter 90, 1996 General Session