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Senate moves Uniform Transfers to Minors Act bill to third reading
Summary
The judiciary committee’s favorable report on House Bill 26 (the Uniform Transfers to Minors Act) led the Senate to place the bill on the third-reading calendar after a voice vote; sponsor described it as aligning Utah’s transfers-to-minors law with a national standard and clarifying conflict-of-law and transfer mechanisms.
House Bill 26, which would adopt a version of the Uniform Transfers to Minors Act (UTTMA) and expand its coverage to gifts and transfers by personal representatives and trustees, was reported favorably by the judiciary committee and placed on the Senate’s third-reading calendar.
Senator Peterson described the bill’s…
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