11-59-603. Purchase of authority bonds.
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/ut/title-11/chapter-59/11-59-603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/1/2024
11-59-603. Purchase of authority bonds.
(1)Any individual, firm, corporation, association, political subdivision of the state, or other entity or public or private officer may purchase bonds issued by an authority under this part with funds owned or controlled by the purchaser.
(2)Nothing in this section may be construed to relieve a purchaser of authority bonds of any duty to exercise reasonable care in selecting and purchasing securities.
Enacted by Chapter 207 , 2024 General Session