7-17-10 - Applicability of act to accounts and actions thereon.
7-17-10. Applicability of act to accounts and actions thereon.
The provisions of this act shall apply:
(1) to all reserve accounts; and
(2) to all actions filed after January 1, 1979, to recover interest on or other compensationfor the use of the funds in any reserve account whether or not the reserve accounts wereestablished prior to or subsequent to July 1, 1979.
Enacted by Chapter 124, 1979 General Session