2006 Utah Code - 31A-5-101 — Definitions.

     31A-5-101.   Definitions.
     In this chapter, unless the context requires otherwise:
     (1) The definitions applicable to the Utah Revised Business Corporation Act in Subsections 16-10a-102(2), (23), and (24) apply to stock corporations.
     (2) The definitions applicable to nonprofit corporations in Subsections 16-6a-102(3), (6), and (30) apply to mutuals.
     (3) "Promoter securities" are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.

Amended by Chapter 131, 2003 General Session