59-1-1704. Election to enter into an agreement.
| (1) |
A depository institution that does business in this state may elect to use the depository institution data match system to respond to judicial process against a delinquent taxpayer. |
Terms Used In Utah Code 59-1-1704
- Agreement: means an agreement described in Section 59-1-1704 between a depository institution and the commission. See Utah Code 59-1-1702
- Delinquent taxpayer: means a person against whom the commission is considered to have obtained a judgment for a liability under Section 59-1-1414. See Utah Code 59-1-1702
- Depository institution: is a depository institution described in Section 7-1-103 that holds or receives deposits, savings, or share accounts. See Utah Code 59-1-1702
- Depository institution data match system: means the database that the commission develops, maintains, and operates in accordance with Section 59-1-1703. See Utah Code 59-1-1702
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (2) |
A depository institution may not make an election under Subsection (1) unless the commission approves the election. |
| (3) |
A depository institution that elects to use the depository institution data match system shall enter into an agreement with the commission. |
| (4) |
An agreement under this section shall:
| (a) |
address the operation of the depository institution data match system; |
| (b) |
require the depository institution to comply with this part; |
| (c) |
address reimbursement to the depository institution for complying with this part; and |
| (d) |
provide for the security and confidentiality of data contained in the depository institution data match system. |
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| (5) |
An election under this section does not preclude the commission from requiring a depository institution to respond to judicial process against a delinquent taxpayer:
| (a) |
by means other than the depository institution data match system; and |
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Enacted by Chapter 326, 2016 General Session
