2025 bills / S.B. 293
S.B. 293 Trust Business Amendments (2025)
- Introduced
- Senate committee (stopped here)
- Senate vote
- House committee
- House vote
- Signed into law
What this bill does
The bill changes Utah's definition of a trust company by removing the requirement that a corporation have been continuously in the trust business since 1981. It also allows a corporation that offers accounts denominated in specie legal tender, meaning gold or silver coin money, to qualify as a trust company in Utah, and makes some technical wording changes.
Plain-English summary written by AI from the official description. Check the official text below.
Official description
- defines terms
- modifies the definition of "trust company" to remove a requirement that a corporation be continuously engaged in trust business since 1981 to qualify as a trust business
- provides that a corporation offering accounts denominated in specie legal tender may qualify as a trust company in this state
- makes technical and conforming changes
Your legislators on this bill
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Take action
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Follow S.B. 293
Members ($5 a month) get:
- An alert the day S.B. 293 is put on a committee agenda, with time and room, so you can be there to speak
- When S.B. 293 is rewritten, exactly which words changed
- Its hearings in your own calendar
- Your own scorecard: pick the side you favor and see how every legislator voted
Or start free: A weekly email when S.B. 293 moves: hearings, votes, rewrites, signed or vetoed.
Every vote
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Hearings and debates
- Feb 20, 2025 Senate Business and Labor Committee