Utah Code 67-4a-207. When related property presumed abandoned
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Terms Used In Utah Code 67-4a-207
- Property: includes :
(i) all income from or increments to the property; (iii) a bond, debenture, note, or other evidence of indebtedness; (iv) money deposited to redeem a security, make a distribution, or pay a dividend; (v) an amount due and payable under an annuity contract or insurance policy; (vi) an amount distributable from a trust or custodial fund established under a plan to provide health, welfare, pension, vacation, severance, retirement, death, stock purchase, profit-sharing, employee-savings, supplemental-unemployment insurance, or a similar benefit; and (vii) an amount held under a preneed funeral or burial contract, other than a contract for burial rights or opening and closing services, where the contract has not been serviced following the death or the presumed death of the beneficiary. See Utah Code 67-4a-102 67-4a-207. When related property presumed abandoned.
At and after the time property is presumed abandoned under this chapter, any other property right or interest accrued or accruing from the property and not previously presumed abandoned is also presumed abandoned.Repealed and Re-enacted by Chapter 371, 2017 General Session