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Utah Code
2025 Utah Code
Title 75A - Fiduciaries
Chapter 7 - Uniform Act for Simplification of Fiduciary Security Transfers
Section 109 - Territorial application of law to rights and duties of corporation or third persons.
Universal Citation:
UT Code § 75A-7-109 (2025)
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Effective 9/1/2024
75A-7-109. Territorial application of law to rights and duties of corporation or third persons.
Renumbered and Amended by Chapter 364, 2024 General Session
75A-7-109. Territorial application of law to rights and duties of corporation or third persons.
- (1)The rights and duties of a corporation and the corporation's transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction under whose laws the corporation is organized.
- (2)This chapter applies to the rights and duties of a person other than the corporation and its transfer agents with regard to acts and omissions in this state in connection with the acquisition, disposition, assignment, or transfer of a security by or to a fiduciary and of a person who guarantees in this state the signature of a fiduciary in connection with such a transaction.
Renumbered and Amended by Chapter 364, 2024 General Session
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