Terms Used In Utah Code > Title 67 > Chapter 4a > Part 7 - Sale of Property by Administrator

• Administrator: means the deputy state treasurer assigned by the state treasurer. See Utah Code 67-4a-102
• Armed forces: means the United States Army, Navy, Air Force, Marine Corps, Space Force, and Coast Guard. See Utah Code 68-3-12.5
• 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
• 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
• Security: means :
       (32)(a) a security as defined in Revised Article 8 of the Uniform Commercial Code; or
       (32)(b) a security entitlement as defined in Revised Article 8 of the Uniform Commercial Code, including a customer security account held by a registered broker-dealer, to the extent the financial assets held in the security account are not:

            (32)(b)(i) registered on the books of the issuer in the name of the person for which the broker-dealer holds the assets;

            (32)(b)(ii) payable to the order of the person;

            (32)(b)(iii) specifically endorsed to the person; or

            (32)(b)(iv) an equity interest in a business association not included in this Subsection (32). 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