Purchaser of a corporation bond.

  1. Law
  2. Utah Code
  3. Independent State Entities
  4. Utah State Fair Corporation Act
  5. Bonding Authority
  6. Purchaser of a corporation bond.

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  • (1) The following may purchase a corporation bond with funds owned or controlled by the purchaser:
    • (a) a person;
    • (b) a political subdivision of the state;
    • (c) another entity; or
    • (d) a public or private officer.
  • (2) Nothing in this part may be construed to relieve a purchaser of a corporation bond of a duty to exercise reasonable care in selecting securities.
  • (3) The corporation may purchase the corporation's own corporation bond at a price that the board determines.




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