Utah Code § 7-5-109: Segregation of trust assets -- Books and records required -- Examination -- Trust property not subject to claims or debts against trust company.

(1) A trust company exercising the powers to act as an agent or fiduciary under this chapter shall:

(a) segregate all assets the trust company holds in any agency or fiduciary capacity from the general assets of the trust company; and

(b) keep a separate set of books and records showing in proper detail each transaction in which the trust company engages in accordance with this chapter.

(2) The trust company shall allow the commissioner, an examiner the commissioner appoints in accordance with Chapter 1, General Provisions, and an appropriate regulating agency to inspect books and records described in Subsection (1).

(3) Property the trust company holds in an agency or fiduciary capacity is not subject to claims or debts against the trust company.