2006 Utah Code - 13-32-104 — Receipts and transaction records -- Retention of receipts and transaction records.

     13-32-104.   Receipts and transaction records -- Retention of receipts and transaction records.
     (1) Every vendor shall maintain receipts or a permanent record book for the acquisition of new and unused property which must contain:
     (a) the date of the transaction on which the property was acquired;
     (b) the name and address of the person from whom the property was acquired;
     (c) an identification and description of the property acquired;
     (d) the price paid for such property; and
     (e) the signatures of the person selling the property and the vendor.
     (2) The receipt or record for each transaction required by Subsection (1) shall be maintained by the vendor for a period of not less than one year following the date of the transaction.

Enacted by Chapter 68, 1999 General Session