2011 Utah Code
Title 63M Governor's Programs
Chapter 1 Governor's Office of Economic Development
Section 1219 Transfer and registration of certificates.

63M-1-1219. Transfer and registration of certificates.
(1) A certificate and the related contingent tax credit may be transferred by the designated investor.
(2) The board, in conjunction with the State Tax Commission, shall develop:
(a) a system for registration of any certificate and related contingent tax credit issued or transferred under this part; and
(b) a system that permits verification that:
(i) any contingent tax credit claimed is valid; and
(ii) any transfers of the certificate and related contingent tax credit are made in accordance with the requirements of this part.
(3) A certificate or contingent tax credit issued or transferred under this part may not be considered a security under Title 61, Chapter 1, Utah Uniform Securities Act.