58-9-702. Payments to be held in trust -- Trustee qualifications.
(1) All money representing payments for the purchase of a preneed funeral arrangement shall be deposited by the provider or sales agent receiving the payment: within 10 business days after the day on which the provider or sales agent receives the payment in the form of cash or cash equivalent; or within 35 calendar days after the day on which the provider or sales agent receives the payment in the form of a negotiable instrument.
(2) All money received under Subsectionshall be placed in a trust account naming as trustee a Utah financial institution authorized to engage in the trust business under. (1) Title 7, Chapter 5, Trust Business