Utah Code > Title 67 > Chapter 4a > Part 13 – Agreement to Locate Property of Apparent Owner Held by Administrator
Current as of: 2023 | Check for updates
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Other versions
§ 67-4a-1301 | When agreement to locate property enforceable |
§ 67-4a-1302 | When agreement to locate property void |
§ 67-4a-1303 | Right of agent of apparent owner to recover property held by administrator |
Terms Used In Utah Code > Title 67 > Chapter 4a > Part 13 - Agreement to Locate Property of Apparent Owner Held by Administrator
- Administrator: means the deputy state treasurer assigned by the state treasurer. See Utah Code 67-4a-102
- Apparent owner: means a person whose name appears on the records of a holder as the owner of property held, issued, or owing by the holder. See Utah Code 67-4a-102
- Confidential information: means records, reports, and information that is confidential under Section 67-4a-1402. See Utah Code 67-4a-102
- Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner property subject to this chapter. See Utah Code 67-4a-102
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Mineral: includes :
(i) building stone; (ii) cement material; (iii) chemical raw material; (iv) coal; (v) colloidal and other clay; (vi) fissionable and nonfissionable ore; (vii) gas; (viii) gemstone; (ix) gravel; (x) lignite; (xi) oil; (xii) oil shale; (xiii) other gaseous liquid or solid hydrocarbon; (xiv) road material; (xv) sand; (xvi) steam and other geothermal resources; (xvii) sulphur; and (xviii) uranium. See Utah Code 67-4a-102 - Mineral proceeds: includes an amount payable:
(i) for the acquisition and retention of a mineral lease, including a bonus, royalty, compensatory royalty, shut-in royalty, minimum royalty, or delay rental; (ii) for the extraction, production, or sale of minerals, including a net revenue interest, royalty, overriding royalty, extraction payment, or production payment; and (iii) under an agreement or option, including a joint-operating agreement, unit agreement, pooling agreement, and farm-out agreement. See Utah Code 67-4a-102 - Owner: includes :
(i) a depositor, for a deposit; (ii) a beneficiary, for a trust other than a deposit in trust; (iii) a creditor, claimant, or payee, for other property; and (iv) the lawful bearer of a record that may be used to obtain money, a reward, or a thing of value. See Utah Code 67-4a-102 - Person: means :
(a) an individual; (b) an estate; (c) a business association; (d) a public corporation; (e) a government entity; (f) an agency; (g) a trust; (h) an instrumentality; or (i) any other legal or commercial entity. See Utah Code 67-4a-102 - 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 - Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Utah Code 67-4a-102
- Mineral proceeds: includes an amount payable: