Utah Code 13-31-302. Sale of molds for payment of lien
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(1)
Terms Used In Utah Code 13-31-302
- Customer: means a person that:(2)(a) causes a molder to fabricate, cast, or otherwise make a mold; or(2)(b) provides a molder with a mold to make a product for the customer. See Utah Code 13-31-102
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mold: includes a die, form, or pattern. See Utah Code 13-31-102
- Molder: includes a tool or die maker. See Utah Code 13-31-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- 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
(1)(a) Prior to selling a mold, the molder shall send written notice by registered mail to the last-known address of the customer.(1)(b) The notice required by Subsection (1)(a) shall include:(1)(b)(i) the molder’s intention to sell the mold 30 days from the day the customer received the notice;(1)(b)(ii) the description of the mold to be sold;(1)(b)(iii) the time and place of the sale; and(1)(b)(iv) an itemized statement for the amount due the molder from the customer.(1)(c) A molder shall publish notice of the molder’s intention to sell a mold in a newspaper of general circulation covering the customer’s last-known address and as required in Section 45-1-101 if:(1)(c)(i) the receipt of the mailing of the notice described in Subsection (1)(a) is not returned; or(1)(c)(ii) the postal service returns the notice described in Subsection (1)(a) as being nondeliverable.(1)(d) The notice provided for in Subsection (1)(c) shall include a description of the mold.
(2) A molder may sell a mold 30 days from the later of the day:
(2)(a) the customer received the notice in accordance with Subsection (1)(a); or
(2)(b) the date the molder published the notice under Subsection (1)(c).
(3) If from the sale of a mold under this section the molder receives an amount in excess of the amount of the lien, the excess shall be paid as follows:
(3)(a) to any prior lienholder known to the molder at the time of the sale; and
(3)(b) after paying any lienholder under Subsection (3)(a), the remainder:
(3)(b)(i) if the customer’s address is known at the time of sale, to the customer; or
(3)(b)(ii) if the customer’s address is not known at the time of sale, to the state in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act.