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2025 Utah Code
Title 13 - Commerce and Trade
Chapter 15 - Business Opportunity Disclosure Act
Part 2 - Seller Duties
Section 203 - Disclosure statement furnished to purchaser -- Additional nondeceptive information permitted.
Universal Citation:
UT Code § 13-15-203 (2025)
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Effective 5/4/2022
13-15-203. Disclosure statement furnished to purchaser -- Additional nondeceptive information permitted.
Renumbered and Amended by Chapter 243, 2022 General Session
13-15-203. Disclosure statement furnished to purchaser -- Additional nondeceptive information permitted.
- (1) A seller shall provide the disclosure statement described under Section 13-15-202 to a prospective purchaser at least 10 business days before the day on which the earlier of the following occurs:
- (a) the prospective purchaser executes an agreement imposing a binding legal obligation on the prospective purchaser in connection with the seller's sale or proposed sale of a business opportunity; or
- (b) the prospective purchaser makes a payment or provides consideration in connection with the seller's sale or proposed sale of a product or business opportunity.
- (2) A seller may provide a prospective purchaser nondeceptive information apart from the disclosure statement described in Section 13-15-202, if the information does not contradict the information required in the disclosure statement.
Renumbered and Amended by Chapter 243, 2022 General Session
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