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Utah Code Title 13. Commerce and Trade § 13-31-302. Sale of molds for payment of lien

Current as of May 05, 2022 | Updated by FindLaw Staff

(1)(a) Prior to selling a mold, the molder shall send written notice by registered mail to the last-known address of the customer.

(b) The notice required by Subsection (1)(a) shall include:

(i) the molder's intention to sell the mold 30 days from the day the customer received the notice;

(ii) the description of the mold to be sold;

(iii) the time and place of the sale;  and

(iv) an itemized statement for the amount due the molder from the customer.

(c) A molder shall publish notice of the molder's intention to sell a mold in a newspaper of general circulation covering the customer's last-known address and as required in Section 45-1-101 if:

(i) the receipt of the mailing of the notice described in Subsection (1)(a) is not returned;  or

(ii) the postal service returns the notice described in Subsection (1)(a) as being nondeliverable.

(d) The notice provided for in Subsection (1)(c) shall include a description of the mold.

(2) A molder may sell a mold 30 days from the later of the day:

(a) the customer received the notice in accordance with Subsection (1)(a);  or

(b) the date the molder published the notice under Subsection (1)(c).

(3) If from the sale of a mold under this section the molder receives an amount in excess of the amount of the lien, the excess shall be paid as follows:

(a) to any prior lienholder known to the molder at the time of the sale;  and

(b) after paying any lienholder under Subsection (3)(a), the remainder:

(i) if the customer's address is known at the time of sale, to the customer;  or

(ii) if the customer's address is not known at the time of sale, to the state in accordance with Title 67, Chapter 4a, Revised Uniform Unclaimed Property Act.

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Cite this article: FindLaw.com - Utah Code Title 13. Commerce and Trade § 13-31-302. Sale of molds for payment of lien - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-13-commerce-and-trade/ut-code-sect-13-31-302/

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