Terms Used In Utah Code 75-6-105

• Account: means a contract of deposit of funds between a depositor and a financial institution and includes:
       (1)(a) a checking account;
       (1)(b) a savings account;
       (1)(c) a certificate of deposit;
       (1)(d) a share account; and
       (1)(e) other like arrangement. See Utah Code 75-6-101
• Financial institution: means any organization authorized to do business under state or federal laws relating to financial institutions, including, without limitation:
       (3)(a) banks;
       (3)(b) trust companies;
       (3)(c) industrial banks;
       (3)(d) savings banks;
       (3)(e) building and loan associations;
       (3)(f) savings and loan companies or associations; and
       (3)(g) credit unions. See Utah Code 75-6-101
• Party: includes a person identified as a trustee of an account for another whether or not a beneficiary is named. See Utah Code 75-6-101
• Request: means a proper request for withdrawal, or a check or order for payment, which complies with all conditions of the account, including special requirements concerning necessary signatures and regulations of the financial institution; but if the financial institution conditions withdrawal or payment on advance notice, for purposes of this part the request for withdrawal or payment is treated as immediately effective and a notice of intent to withdraw is treated as a request for withdrawal. See Utah Code 75-6-101