13-32-104. Receipts and transaction records -- Retention of receipts and transaction records.

130 words·~1 min read·/ut/title-13/chapter-32/13-32-104

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Every vendor shall maintain receipts or a permanent record book for the acquisition of new and unused property which shall contain:

(a)the date of the transaction on which the property was acquired;

(b)the name and address of the person from whom the property was acquired;

(c)an identification and description of the property acquired;

(d)the price paid for such property; and

(e)the signatures of the person selling the property and the vendor.

(2)The receipt or record for each transaction required by Subsection

(1)shall be maintained by the vendor for a period of not less than one year following the date of the transaction.

Amended by Chapter 378 , 2010 General Session