75-6-111 - Financial institution protection -- Payment of trust account. - Utah Statutes

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Statutes > Utah > Title-75 > Chapter-06 > 75-6-111

75-6-111. Financial institution protection -- Payment of trust account.
Any trust account may be paid, on request, to any trustee. Unless the financial institutionhas received written notice that the beneficiary has a vested interest not dependent upon hissurviving the trustee, payment may be made to the personal representative or heirs of a deceasedtrustee if proof of death is presented to the financial institution showing that his decedent was thesurvivor of all other persons named on the account either as trustee or beneficiary. Payment maybe made, on request, to the beneficiary upon presentation to the financial institution of proof ofdeath showing that the beneficiary or beneficiaries survived all persons named as trustees.

Enacted by Chapter 150, 1975 General Session

State Codes and Statutes

Statutes > Utah > Title-75 > Chapter-06 > 75-6-111

75-6-111. Financial institution protection -- Payment of trust account.
Any trust account may be paid, on request, to any trustee. Unless the financial institutionhas received written notice that the beneficiary has a vested interest not dependent upon hissurviving the trustee, payment may be made to the personal representative or heirs of a deceasedtrustee if proof of death is presented to the financial institution showing that his decedent was thesurvivor of all other persons named on the account either as trustee or beneficiary. Payment maybe made, on request, to the beneficiary upon presentation to the financial institution of proof ofdeath showing that the beneficiary or beneficiaries survived all persons named as trustees.

Enacted by Chapter 150, 1975 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-75 > Chapter-06 > 75-6-111

75-6-111. Financial institution protection -- Payment of trust account.
Any trust account may be paid, on request, to any trustee. Unless the financial institutionhas received written notice that the beneficiary has a vested interest not dependent upon hissurviving the trustee, payment may be made to the personal representative or heirs of a deceasedtrustee if proof of death is presented to the financial institution showing that his decedent was thesurvivor of all other persons named on the account either as trustee or beneficiary. Payment maybe made, on request, to the beneficiary upon presentation to the financial institution of proof ofdeath showing that the beneficiary or beneficiaries survived all persons named as trustees.

Enacted by Chapter 150, 1975 General Session