GroundRules
← Search the law
Utah · Through 2026 General Session

Utah Code § 61-1-202: Governmental and third party disclosures.

Read at publisher ↗
Where this section sits in the code
  1. Title 61 Securities Division - Real Estate Division
  2. Chapter 61-1 Utah Uniform Securities Act
  3. Part 61-1-2 Protection of Vulnerable Adults from Financial Exploitation Act

(1) If a broker-dealer, an investment adviser, or a qualified individual reasonably believes that a person has engaged in or attempted to engage in the financial exploitation of an eligible adult, the broker-dealer, investment adviser, or qualified individual:

(a) shall promptly notify the division and Adult Protective Services; and

(b) subject to Subsection (2), may notify a person previously designated by the eligible adult, a person allowed to receive notification under applicable law or any customer agreement, or an individual reasonably associated with the eligible adult.

(2) A broker-dealer, an investment adviser, or a qualified individual may not notify a third party under Subsection (1)(b) if the third party is suspected of engaging in the financial exploitation of the eligible adult or other abuse of the eligible adult.

Collected 2026-09-03T11:34:33Z. Source file · JSON

Browse this collection