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2024 Utah Code
Title 16 - Corporations
Chapter 13 - Business Development Corporations
- Section 1 - Organization of development corporations under Utah Revised Business Corporation Act -- Corporate name.
- Section 2 - Definitions.
- Section 3 - Purposes of development corporation.
- Section 4 - General powers of business development corporation.
- Section 5 - Bonds or securities, capital stock of development corporations -- Authority to purchase, hold, or dispose of -- Rights of holders -- Rights of financial institutions.
- Section 8 - Board of directors -- Number and election of members.
- Section 9 - Requirement before commencing business -- Cash consideration for shares -- Minimum stated capital.
- Section 10 - Amount of net earnings set apart as earned surplus.
- Section 11 - Designation of depository.
- Section 12 - Licensing, supervision, and examination by commissioner of financial institutions -- Fees.
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