Utah Code § 7-5-116: Assets of trust company in possession of the commissioner.
Where this section sits in the code
- Title 7 Financial Institutions Act
- Chapter 7-5 Trust Business
- Part 7-5-1 General Provisions
With respect to the assets of a trust company in the possession of the commissioner under Chapter 2, Possession of Depository Institution by Commissioner, notwithstanding any law to the contrary, the assets that the trust company holds in a fiduciary capacity as a part of the trust company's trust business are not subject to the claims of a secured or unsecured creditor of the trust company.
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