7-5-6 - Confidentiality of communications and writings concerning trust -- Actions to protect property or authorized under probate laws not precluded. - Utah Statutes

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Statutes > Utah > Title-07 > Chapter-05 > 7-5-6

7-5-6. Confidentiality of communications and writings concerning trust -- Actionsto protect property or authorized under probate laws not precluded.
Any trust company exercising the powers and performing the duties described in thischapter shall keep inviolate all communications and writings made to or by that trust companyrelating to the existence, condition, management or administration of any agency or fiduciaryaccount confided to it and no creditor or stockholder of any such trust company shall be entitledto disclosure or knowledge of any such communication or writing, except that the directors,president, vice president, manager, treasurer, and trust officers, and any employees assigned towork on the trust business, and the attorney or auditor employed by it shall be entitled toknowledge of any such communication or writing and except that in any suit or proceedingrelating to the existence, condition, management or administration of the account, the court inwhich the suit is pending may require disclosure of any such communication or writing. A trustcompany is not, however, precluded from filing an action in court to protect trust accountproperty or as authorized under Title 75.

Amended by Chapter 6, 1982 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-05 > 7-5-6

7-5-6. Confidentiality of communications and writings concerning trust -- Actionsto protect property or authorized under probate laws not precluded.
Any trust company exercising the powers and performing the duties described in thischapter shall keep inviolate all communications and writings made to or by that trust companyrelating to the existence, condition, management or administration of any agency or fiduciaryaccount confided to it and no creditor or stockholder of any such trust company shall be entitledto disclosure or knowledge of any such communication or writing, except that the directors,president, vice president, manager, treasurer, and trust officers, and any employees assigned towork on the trust business, and the attorney or auditor employed by it shall be entitled toknowledge of any such communication or writing and except that in any suit or proceedingrelating to the existence, condition, management or administration of the account, the court inwhich the suit is pending may require disclosure of any such communication or writing. A trustcompany is not, however, precluded from filing an action in court to protect trust accountproperty or as authorized under Title 75.

Amended by Chapter 6, 1982 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-05 > 7-5-6

7-5-6. Confidentiality of communications and writings concerning trust -- Actionsto protect property or authorized under probate laws not precluded.
Any trust company exercising the powers and performing the duties described in thischapter shall keep inviolate all communications and writings made to or by that trust companyrelating to the existence, condition, management or administration of any agency or fiduciaryaccount confided to it and no creditor or stockholder of any such trust company shall be entitledto disclosure or knowledge of any such communication or writing, except that the directors,president, vice president, manager, treasurer, and trust officers, and any employees assigned towork on the trust business, and the attorney or auditor employed by it shall be entitled toknowledge of any such communication or writing and except that in any suit or proceedingrelating to the existence, condition, management or administration of the account, the court inwhich the suit is pending may require disclosure of any such communication or writing. A trustcompany is not, however, precluded from filing an action in court to protect trust accountproperty or as authorized under Title 75.

Amended by Chapter 6, 1982 General Session