Current as of May 05, 2022 | Updated by FindLaw Staff
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(1) The administrator may not be held liable for any loss or gain in the value that the financial instrument would have obtained had the financial instrument been held instead of being sold.
(2) Upon approval of a claim, the owner, heir, or agent may request the administrator to dispose of the securities by sale and remit the net proceeds to the owner, heir, or agent.
(3) Upon disapproval of the claim, the administrator may dispose of the securities by sale.
Cite this article: FindLaw.com - Utah Code Title 67. State Officers and Employees § 67-4a-703. Recovery of securities or value by owner - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-67-state-officers-and-employees/ut-code-sect-67-4a-703.html
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