There is a newer version of the Utah Code
2016 Utah Code
Title 63H - Independent State Entities
Chapter 8 - Utah Housing Corporation Act
Part 4 - Corporation Assets and Obligations
Section 411 - Asset disposition upon dissolution of corporation.
UT Code § 63H-8-411 (2016) What's This?
Effective 5/12/2015 63H-8-411. Asset disposition upon dissolution of corporation.
Upon dissolution of the corporation:
- (1) all liabilities and obligations of the corporation, including obligations to bondholders, shall be paid, satisfied, discharged, or adequately provided for; and
- (2) all remaining money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.
Renumbered and Amended by Chapter 226, 2015 General Session
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