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Utah · Through 2026 General Session

Utah Code § 75A-1-210: Deposits in name of several trustees.

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Where this section sits in the code
  1. Title 75A Fiduciaries
  2. Chapter 75A-1 Fiduciaries
  3. Part 75A-1-2 Payments and Deposits by Fiduciaries

When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by a trustee authorized by another trustee to draw checks upon the trust account:

(1) the payee or bank is not bound to inquire whether the deposit is a breach of trust to authorize a trustee to draw checks upon the trust account; and

(2) the payee or bank is not liable unless the circumstances are such that the action of the payee or bank amounts to bad faith.

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

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