There is a newer version of the Utah Code
2016 Utah Code
Title 16 - Corporations
Chapter 13 - Business Development Corporations
Section 9 - Requirement before commencing business -- Cash consideration for shares -- Minimum stated capital.
UT Code § 16-13-9 (2016) What's This?
16-13-9. Requirement before commencing business -- Cash consideration for shares -- Minimum stated capital. A development corporation incorporated after July 1, 1979, may not transact any business or incur any indebtedness, except as is incidental to its organization or to obtain subscriptions to or payment for its shares, until there has been paid in for the issuance of shares consideration in cash of at least $300,000. A development corporation shall have a stated capital of not less than $300,000.
Amended by Chapter 378, 2010 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
