Voidable agreements.

Utah Code § 57-29-305, under Part 57-29-3: Investigation and Enforcement.

Utah Code § 57-29-305

57-29-305. Voidable agreements.

(1) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement. A purchaser may rescind an agreement under this Subsectionat any time before the closing. (1)

(2) A purchaser who rescinds an agreement in accordance with Subsectionis entitled to all the consideration that the purchaser gave under the rescinded agreement. (1)

(3) In an action to enforce a purchaser's right of rescission under Subsection, the court shall award costs and reasonable attorney fees to the prevailing party. (1)