Administration of funds
Known as the Condominium Ownership Act
The act spans §§ 57-8-1 to 57-8-9 (81 sections).
Enacted by Chapter 395, 2018 General Session
An association of unit owners:
(1) shall keep all of the association of unit owners' funds in an account in the name of the association of unit owners; and
(2) may not commingle the association of unit owners' funds with the funds of any other person.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.