Go to Previous Versions
of
this Section
2025 Utah Code
Title 61 - Securities Division - Real Estate Division
Chapter 6 - Control Shares Acquisitions Act
Section 4 - "Interested shares" defined.
Universal Citation:
UT Code § 61-6-4 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
61-6-4. "Interested shares" defined.
Amended by Chapter 268, 1995 General Session
- (1) As used in this chapter, "interested shares" means the shares of an issuing public corporation in respect of which any of the following persons may exercise or direct the exercise of the voting power of the corporation, on or after the applicable record date, in the election of directors:
- (a) an acquiring person or member of a group with respect to a control share acquisition;
- (b) any officer of the issuing public corporation; or
- (c) any employee of the issuing public corporation who is also a director of the corporation.
- (2) "Interested shares" does not mean the shares of an issuing public corporation in respect of which any of the persons described in Subsections (1)(a) through (c) may exercise or direct the exercise of the voting power of the corporation in the election of directors if the voting power is based solely on a revocable proxy given in response to a proxy solicitation made in accordance with Section 14 of the Securities Exchange Act of 1934, as amended.
Amended by Chapter 268, 1995 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.
