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Section 503 – Homestead exemption — Definitions — Excepted obligations — Water rights and interests — Conveyance — Sale and disposition — Property right for federal tax purposes.

Effective 5/14/2019 78B-5-503. Homestead exemption — Definitions — Excepted obligations — Water rights and interests — Conveyance — Sale and disposition — Property right for federal tax purposes. (1) For purposes of this section: (a) “Household” means a group of persons related by blood or marriage living together in the same dwelling as an economic […]

Section 504 – Declaration of homestead — Filing — Contents — Failure to file — Conveyance by married person — No execution sale if bid less than exemption — Redemption rights of judgment creditor.

78B-5-504. Declaration of homestead — Filing — Contents — Failure to file — Conveyance by married person — No execution sale if bid less than exemption — Redemption rights of judgment creditor. An individual may select and claim a homestead by complying with the following requirements: (1) Filing a signed and acknowledged declaration of homestead […]

Section 505 – Property exempt from execution.

Effective 7/1/2021 78B-5-505. Property exempt from execution. (1) (a) An individual is entitled to exemption of the following property: (i) a burial plot for the individual and the individual’s family; (ii) health aids reasonably necessary to enable the individual or a dependent to work or sustain health; (iii) benefits that the individual or the individual’s […]

Section 507 – Exemption of proceeds from property sold, taken by condemnation, lost, damaged, or destroyed — Tracing exempt property and proceeds.

Effective 5/12/2020 78B-5-507. Exemption of proceeds from property sold, taken by condemnation, lost, damaged, or destroyed — Tracing exempt property and proceeds. (1) (a) An individual who owned property described in this Subsection (1) is entitled to an exemption of proceeds that are traceable for one year after the compensation for the property is received […]

Section 508 – Allowable claims against exempt property.

78B-5-508. Allowable claims against exempt property. (1) Notwithstanding other provisions of this part, but subject to the provisions of the Utah Uniform Consumer Credit Code: (a) A creditor may levy against exempt property of any kind, except unemployment benefits, to enforce a claim for: (i) alimony, support, or maintenance; (ii) unpaid earnings of up to […]

Section 512 – Property held by joint tenants or tenants in common.

78B-5-512. Property held by joint tenants or tenants in common. If an individual and another own property in this state as joint tenants or tenants in common, a creditor of the individual, subject to the individual’s right to claim an exemption under this part, may obtain a levy on and sale of the interest of […]

Section 513 – Exemption provisions applicable in bankruptcy proceedings.

78B-5-513. Exemption provisions applicable in bankruptcy proceedings. An individual may not exempt from the property of the estate in any bankruptcy proceeding the property specified in Subsection (d) of Section 522 of the Bankruptcy Reform Act (Public Law 95-598), unless the individual is a nonresident of this state and has been for the 180 days […]