Terms Used In Utah Code > Title 67 > Chapter 4a > Part 3 - Rules for Taking Custody of Property Presumed Abandoned

• Administrator: means the deputy state treasurer assigned by the state treasurer. See Utah Code 67-4a-102
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• 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
• Contract: A legal written agreement that becomes binding when signed.
• Domicile: means :
       (11)(a) for a corporation, the state of the corporation's incorporation;
       (11)(b) for a business association other than a corporation, whose formation requires a filing with a state, the state of the business association's filing;
       (11)(c) for a federally chartered entity or an investment company registered under the Investment Company Act of 1940, the state of the entity's or company's home office; and
       (11)(d) for any other holder, the state of the holder's principal place of business. 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
• Insurance company: means an association, corporation, or fraternal or mutual benefit organization, whether or not for profit, engaged in the business of providing life endowments, annuities, or insurance, including:
       (18)(a) accident insurance;
       (18)(b) burial insurance;
       (18)(c) casualty insurance;
       (18)(d) credit life insurance;
       (18)(e) contract performance insurance;
       (18)(f) dental insurance;
       (18)(g) disability insurance;
       (18)(h) fidelity insurance;
       (18)(i) fire insurance;
       (18)(j) health insurance;
       (18)(k) hospitalization insurance;
       (18)(l) illness insurance;
       (18)(m) life insurance, including endowments and annuities;
       (18)(n) malpractice insurance;
       (18)(o) marine insurance;
       (18)(p) mortgage insurance;
       (18)(q) surety insurance;
       (18)(r) wage protection insurance; and
       (18)(s) worker compensation insurance. See Utah Code 67-4a-102
• Last known address: means a description of the location of the apparent owner sufficient for the purpose of the delivery of mail. See Utah Code 67-4a-102
• Money order: includes an express money order and a personal money order on which the remitter is the purchaser. See Utah Code 67-4a-102
• Owner: includes :
            (26)(b)(i) a depositor, for a deposit;
            (26)(b)(ii) a beneficiary, for a trust other than a deposit in trust;
            (26)(b)(iii) a creditor, claimant, or payee, for other property; and
            (26)(b)(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 :
       (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
• 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
• United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5