# Utah Code § 31A-22-105: Common control of fiduciary funds permissible

> Utah · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_105

## Section

- **Citation:** Utah Code § 31A-22-105
- **Heading:** Common control of fiduciary funds permissible
- **Jurisdiction:** Utah
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Utah Code / Title 31A / Chapter 31A-22 / § 31A-22-105

## Text

Any fiduciary from whom a bond, undertaking, or other obligation is required may agree and arrange with the fiduciary's sureties for the deposit for safekeeping of any and all assets for which the fiduciary is responsible with a depository institution authorized by law to hold the assets, in a manner which prevents the withdrawal or alienation of any part of the property without the written consent of the sureties, or an order of the court made after notice is given to the sureties and a hearing is held as directed by the court. This deposit agreement does not release or change the fiduciary responsibility of the principal, or the liability of the principal or sureties as established under the bond.

## Nearby sections

- [Utah Code § 31A-22-101 § 31A-22-101. Scope of part.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_101.md)
- [Utah Code § 31A-22-102 § 31A-22-102. Bonds need not be under seal.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_102.md)
- [Utah Code § 31A-22-103 § 31A-22-103. Validity of surety bonds.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_103.md)
- [Utah Code § 31A-22-104 § 31A-22-104. Indemnity agreements and security for benefit of surety.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_104.md)
- [Utah Code § 31A-22-105 § 31A-22-105. Common control of fiduciary funds permissible.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_105.md)
- [Utah Code § 31A-22-106 § 31A-22-106. Petition of fiduciary's surety to be relieved from liability.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_106.md)
- [Utah Code § 31A-22-107 § 31A-22-107. Bond premium allowable expense of fiduciary.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_107.md)
- [Utah Code § 31A-22-201 § 31A-22-201. Required provisions of liability insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_201.md)
- [Utah Code § 31A-22-202 § 31A-22-202. Protection of third-party claimants.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_202.md)
- [Utah Code § 31A-22-203 § 31A-22-203. Notice and proof of loss.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_203.md)
- [Utah Code § 31A-22-204 § 31A-22-204. Restriction on limitation of coverage.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_204.md)
- [Utah Code § 31A-22-205 § 31A-22-205. Applicability of restatement of law.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_205.md)
- [Utah Code § 31A-22-301 § 31A-22-301. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_301.md)
- [Utah Code § 31A-22-302 § 31A-22-302. Required components of motor vehicle insurance policies -- Exceptions.](https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_302.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_UT_T31A_S31A_22_105. Check the current official text before relying on it. Not legal advice.