§ 70A-4a-501 Variation by agreement and effect of funds transfer system rule
§ 70A-4a-502 Creditor process served on receiving bank — Setoff by beneficiary’s bank
§ 70A-4a-503 Injunction or restraining order with respect to funds transfer
§ 70A-4a-504 Order in which items and payment orders may be charged to an account — Order of withdrawals from an account
§ 70A-4a-505 Preclusion of objection to debit of customer’s account
§ 70A-4a-506 Rate of interest
§ 70A-4a-507 Choice of law

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Terms Used In Utah Code > Title 70A > Chapter 4a > Part 5 - Miscellaneous Provisions

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: means :
         (24)(a) an individual;
         (24)(b) an association;
         (24)(c) an institution;
         (24)(d) a corporation;
         (24)(e) a company;
         (24)(f) a trust;
         (24)(g) a limited liability company;
         (24)(h) a partnership;
         (24)(i) a political subdivision;
         (24)(j) a government office, department, division, bureau, or other body of government; and
         (24)(k) any other organization or entity. See Utah Code 68-3-12.5
  • Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
  • Service of process: The service of writs or summonses to the appropriate party.