Business Development Corporations

  1. Law
  2. Utah Code
  3. Corporations
  4. Business Development Corporations

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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.