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17 chapters · 1,000 sections in this title.
Utah Code § 16-13-1 Organization of development corporations under Utah Revised Business Corporation Act -- Corporate name.
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16-13-1. Organization of development corporations under Utah Revised Business Corporation Act -- Corporate name. Corporations to conduct a development business as specified in this act may be formed under the provisions of, and all the rights, privileges, and powers and all the d…
Utah Code § 16-13-10 Amount of net earnings set apart as earned surplus.
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16-13-10. Amount of net earnings set apart as earned surplus. Each year a development corporation shall set apart as earned surplus not less than 10% of its net earnings for its preceding fiscal year until such surplus is equal in value to one-half of the amount paid in on the sh…
Utah Code § 16-13-11 Designation of depository.
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16-13-11. Designation of depository. A development corporation may not deposit any of its funds in any banking institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directo…
Utah Code § 16-13-12 Licensing, supervision, and examination by commissioner of financial institutions -- Fees.
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16-13-12. Licensing, supervision, and examination by commissioner of financial institutions -- Fees. A development corporation shall be licensed, supervised, and examined by the commissioner of financial institutions and shall make such report of its condition from time to time a…