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UT HB0543
Bill
Status
Failed
3/6/2026
Primary Sponsor
Jason Kyle
Click for details
AI Summary
- Amends Utah Code Section 70A-8-511 to require securities intermediaries to provide written, conspicuous disclosure to entitlement holders when a financial asset is subject to creditor priority claims
- Disclosure must state that the financial asset is subject to creditor priority provisions and include a brief description of the practical implications for the entitlement holder
- Applies when a creditor with control over a financial asset has priority over entitlement holders, or when a clearing corporation's creditor has priority over entitlement holders
- Effective date: May 6, 2026
Legislative Description
Uniform Commercial Code Amendments
Business
Last Action
House/ filed in House file for bills not passed
3/6/2026
Committee Referrals
Judiciary, Law Enforcement, and Criminal Justice3/2/2026
Rules3/2/2026
Business, Labor, and Commerce2/24/2026
Rules2/11/2026
Full Bill Text
No bill text available