§ 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;
    (ii) property referred to as or evidenced by:
    (A) money, virtual currency, interest, or a dividend, check, draft, or deposit;
    (B) a credit balance, customer's overpayment, stored-value card, payroll card, security deposit, refund, credit memorandum, unpaid wage, unused ticket for which the issuer has an obligation to provide a refund, mineral proceeds, or unidentified remittance; and
    (C) a security except for:
    (I) a worthless security; or
    (II) a security that is subject to a lien, legal hold, or restriction evidenced on the records of the holder or imposed by operation of law, if the lien, legal hold, or restriction restricts the holder's or owner's ability to receive, transfer, sell, or otherwise negotiate the security;
    (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