{"data":{"id":"us-ut/utah-code-7-28-112","jurisdiction":"us-ut","citation":"Utah Code § 7-28-112","heading":"Term and termination.","body":"(1) Unless otherwise provided in the account agreement, a special deposit terminates five years after the date the special deposit was first funded.\n(2) Unless otherwise provided in the account agreement, if the bank cannot identify or locate a beneficiary entitled to payment when the special deposit is terminated, and a balance remains in the special deposit, the bank shall pay the balance to the depositor or depositors as a beneficiary or beneficiaries.\n(3) A bank that pays the remaining balance as provided under Subsection (2) has no further obligation with respect to the special deposit.","path":["Title 7 Financial Institutions Act","Chapter 7-28 Uniform Special Deposits Act","Part 7-28-1 Uniform Special Deposits Act"],"source_url":"https://le.utah.gov/xcode/Title7/Chapter28/7-28-S112.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"587b3d80fccaf432a94e490eeae32b2374b6b99b3d683abaa8988ac3e6b8137a","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-7-28-111","next":"us-ut/utah-code-7-28-113"},"notice":"GroundRules: Original legal text. Not legal advice."}