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Read. Follow. Verify.Utah Reorganizes Trust Business Laws and Updates Permitted Trust Company Requirements
Last action · March 18, 2026: Governor SignedSponsors: Anthony Loubet and 1 other
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What This Bill Does
Utah enacts legislation to reorganize and renumber Title 7, Chapter 5, defining terms, revising the qualifications and allowable entities for trust companies, and detailing exemptions from definitions effective May 6, 2026.
Financial institutions, attorneys, CPAs, and corporate entities operating in Utah must comply with restructured definitions, revised application criteria, and updated statutory references governing activities.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Trust Companies
Trust companies must comply with renumbered statutory sections, updated definitions, and revised fiduciary management guidelines.
Depository Institutions
Depository institutions are subject to updated fee structures, examination rates, and permitted deposit regulations.
Attorneys and CPAs
Professional fiduciaries, attorneys holding client funds, and certified public accountants acting in fiduciary capacities operate under clarified statutory exclusions and enforcement boundaries.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who is allowed to operate as a trust company under the new law?
Are attorneys holding client funds considered to be running a trust business?
When does this legislation go into effect?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
53 actions- Mar 18, 2026Lieutenant Governor's office for filingEnrolledGovernor Signed
- Mar 16, 2026HouseHouse/ to Governor
- Mar 16, 2026HouseHouse/ received enrolled bill from Printing
- Mar 12, 2026HouseHouse/ enrolled bill to Printing
- Mar 12, 2026Clerk of the HouseEnrolled Bill Returned to House or Senate
- Mar 10, 2026Legislative Research and General Counsel / EnrollingDraft of Enrolled Bill Prepared
Show 47 earlier actions
- Mar 10, 2026Legislative Research and General Counsel / EnrollingBill Received from House for Enrolling
- Mar 6, 2026HouseHouse/ signed by Speaker/ sent for enrolling
- Mar 6, 2026HouseHouse/ received from Senate
- Mar 6, 2026SenateSenate/ to House
- Mar 6, 2026SenateSenate/ signed by President/ returned to House
- Mar 6, 2026SenateFloorSenate/ passed 2nd & 3rd readings/ suspension
- Mar 6, 2026SenateSenate/ 2nd & 3rd readings/ suspension
- Mar 6, 2026SenateSenate/ Rules to 2nd Reading Calendar
- Mar 4, 2026SenateSenate/ 2nd Reading Calendar to Rules
- Mar 4, 2026SenateSenate/ placed on 2nd Reading Calendar
- Mar 4, 2026SenateSenate/ committee report favorable
- Mar 3, 2026SenateSenate Comm - Favorable Recommendation
- Feb 27, 2026SenateCommitteeSenate/ to standing committee
- Feb 27, 2026ReleasedLFA/ fiscal note publicly available for HB0176S03
- Feb 27, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0176S03
- Feb 27, 2026SenateIntroducedSenate/ 1st reading (Introduced)
- Feb 27, 2026SenateSenate/ received from House
- Feb 27, 2026HouseHouse/ to Senate
- Feb 27, 2026HouseFloorHouse/ passed 3rd reading
- Feb 27, 2026HouseHouse/ substituted
- Feb 27, 2026HouseHouse/ uncircled
- Feb 27, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0176S03
- Feb 27, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0176S03
- Feb 26, 2026ReleasedLFA/ fiscal note publicly available for HB0176S02
- Feb 26, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0176S02
- Feb 25, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0176S02
- Feb 25, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0176S02
- Feb 24, 2026HouseHouse/ circled
- Feb 24, 2026HouseHouse/ 3rd reading
- Feb 19, 2026ReleasedLFA/ fiscal note publicly available for HB0176S01
- Feb 19, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0176S01
- Feb 19, 2026HouseHouse/ 2nd reading
- Feb 19, 2026HouseHouse/ comm rpt/ substituted
- Feb 18, 2026HouseHouse Comm - Favorable Recommendation
- Feb 18, 2026HouseHouse Comm - Substitute Recommendation
- Feb 18, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0176S01
- Feb 18, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0176S01
- Feb 4, 2026HouseHouse Comm - Not Considered
- Jan 28, 2026HouseCommitteeHouse/ to standing committee
- Jan 20, 2026HouseIntroducedHouse/ 1st reading (Introduced)
- Jan 16, 2026ReleasedLFA/ fiscal note publicly available for HB0176
- Jan 16, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0176
- Jan 14, 2026HouseHouse/ received bill from Legislative Research
- Jan 7, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0176
- Jan 7, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0176
- Jan 7, 2026Legislative Research and General CounselNumbered Bill Publicly Distributed
- Jan 7, 2026Legislative Research and General CounselBill Numbered but not Distributed
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Comprehensive Codification of Trust Statutes
The legislation systematically renumbers and consolidates scattered trust business provisions into a unified chapter under Title 7, Chapter 5.
Connected Entities
Sources
le.utah.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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