Terms Used In Utah Code > Title 67 > Chapter 4a > Part 11 - Determination of Liability and Putative Holder Remedies

• Administrator: means the deputy state treasurer assigned by the state treasurer. See Utah Code 67-4a-102
• Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See Utah Code 67-4a-102
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• 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.
• Person: means :
       (28)(a) an individual;
       (28)(b) an estate;
       (28)(c) a business association;
       (28)(d) a public corporation;
       (28)(e) a government entity;
       (28)(f) an agency;
       (28)(g) a trust;
       (28)(h) an instrumentality; or
       (28)(i) any other legal or commercial entity. See Utah Code 67-4a-102
• Property: includes :
            (29)(b)(i) all income from or increments to the property;
            (29)(b)(ii) property referred to as or evidenced by:

                 (29)(b)(ii)(A) money, virtual currency, interest, or a dividend, check, draft, or deposit;

                 (29)(b)(ii)(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

                 (29)(b)(ii)(C) a security except for:

                      (29)(b)(ii)(C)(I) a worthless security; or

                      (29)(b)(ii)(C)(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;
            (29)(b)(iii) a bond, debenture, note, or other evidence of indebtedness;
            (29)(b)(iv) money deposited to redeem a security, make a distribution, or pay a dividend;
            (29)(b)(v) an amount due and payable under an annuity contract or insurance policy;
            (29)(b)(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
            (29)(b)(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
• Putative holder: means a person believed by the administrator to be a holder, until:
       (30)(a) the person pays or delivers to the administrator property subject to this chapter; or
       (30)(b) the administrator or a court makes a final determination that the person is or is not a holder. 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
• State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Utah Code 67-4a-102