{"data":{"id":"us-ut/utah-code-7-5-110","jurisdiction":"us-ut","citation":"Utah Code § 7-5-110","heading":"Registration of investment in name of nominee -- Records -- Possession of investment.","body":"(1) As used in this section, \"security\" means the same as that term is defined in Section 75-1-201.\n(2) A trust company may require that a person register and hold a security that the trust company holds in the trust company's agency or fiduciary capacity in the name of a nominee or nominees of the trust company.\n(3) The trust company is liable for the acts of a nominee described in Subsection (2) with respect to any investment registered in accordance with Subsection (2).\n(4) An investment other than a security held in the name of a nominee on June 30, 1981, may continue to be held in that manner.\n(5) For an investment described in Subsection (4), the trust company shall:\n(a) at all times maintain records that show the trust company's ownership of an investment;\n(b) maintain possession or control over the investment; and\n(c) keep the investment separate and apart from the assets of the trust company.","path":["Title 7 Financial Institutions Act","Chapter 7-5 Trust Business","Part 7-5-1 General Provisions"],"source_url":"https://le.utah.gov/xcode/Title7/Chapter5/7-5-S110.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"6bdf2eec4f0aaa3f99c3119221c7a2b617887c81b4aedd36bb74be5bc39ac256","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-7-5-109","next":"us-ut/utah-code-7-5-111"},"notice":"GroundRules: Original legal text. Not legal advice."}