Utah Code § 7-5-111: Lending trust funds to trust company, officer, director, or employee a felony.

(1) Except as provided in Subsection (2), a trust company may not lend funds that the trust company holds in a trust account in accordance with this chapter to:

(a) the trust company;

(b) an officer of the trust company;

(c) a director of the trust company; or

(d) an employee of the trust company.

(2) A trust company may lend funds to a person described in Subsection (1) if:

(a) the instrument creating a trust account authorizes the trust company to lend funds to the person;

(b) a person authorized to grant authorization to the trust company to lend funds to the person grants authorization; or

(c) a court issues an order in accordance with Section 75B-2-802.

(3) An officer, a director, or an employee is guilty of a third degree felony if the officer, director, or employee:

(a) makes a loan in violation of Subsection (1); or

(b) receives a loan that violates Subsection (1).