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Code · Utah · Title 61 — Securities Division - Real Estate Division · Chapter 2F

61-2f-507. Division authority to act upon receipt of petition.

108 words·~1 min read·/ut/title-61/chapter-2f/61-2f-507

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61-2f-507. Division authority to act upon receipt of petition.
(1)When the division is served a petition under Section 61-2f-506 , the division may:
(a)file an answer to the petition in the court;
(b)initiate a review proceeding conducted by the division; or
(c)appear in any proceeding in the name of the defendant to the action or on behalf of the fund.
(2)The division may settle a claim against the fund if:
(a)the person who brings the claim requests a settlement; and
(b)the court in which the petition is filed approves the settlement.
Renumbered and Amended by Chapter 379 , 2010 General Session
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