75-5-102 - Facility of payment or delivery. - Utah Statutes

75-5-102. Facility of payment or delivery.
(1) Any person under a duty to pay or deliver money or personal property to a minor mayperform this duty, in amounts not exceeding $10,000 per annum, by paying or delivering themoney or property to:
(a) the minor, if he is married or if payment to the minor is expressly authorized bystatute;
(b) any person having the care and custody of the minor with whom the minor resides; or
(c) a guardian of the minor.
(2) This section does not apply if the person making payment or delivery has actualknowledge that a conservator has been appointed or proceedings for appointment of aconservator of the estate of the minor are pending.
(3) The persons, other than the minor, receiving money or property for a minor areobligated to apply the money to the support and education of the minor and may not paythemselves except by way of reimbursement for out-of-pocket expenses for goods and servicesnecessary for the minor's support. Any excess sums shall be preserved for future support of theminor. Any balance not so used and any property received for the minor must be turned over tothe minor when he attains majority.
(4) Persons receiving money under this section on behalf of a minor shall have the powerto settle and release in whole or in part the claims belonging to the minor giving rise to the dutyto pay money to the minor.
(5) Persons who pay or deliver in accordance with provisions of this section are notresponsible for the proper application thereof.

Amended by Chapter 198, 2004 General Session