63A-5b-909. State real property subject to right of first refusal.

306 words·~1 min read·/ut/title-63a/chapter-5b/63a-5b-909

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

Effective 5/1/2024

(a)If Section 78B-6-520.3 applies to vacant division-owned property, the division shall comply with Subsection 78B-6-520.3 (3).

(b)If a condemnee accepts the division's offer to sell the vacant division-owned property as provided in Section 78B-6-520.3 , the division shall:

(i)comply with the requirements of Section 78B-6-520.3 ; and

(ii)terminate any process to convey the vacant division-owned property.

(c)A condemnee may waive rights and benefits afforded under Section 78B-6-520.3 and instead seek a transfer of ownership or lease of vacant division-owned property under the provisions of this chapter in the same manner as any other person not entitled to the rights and benefits of Section 78B-6-520.3 .

(a)If Section 78B-6-521 applies to the anticipated disposal of the vacant division-owned property, the division shall comply with the limitations and requirements of Subsections 78B-6-521

(2)and (3).

(b)If the original grantor or a subsequent bona fide purchaser, or the original grantor's or subsequent bona fide purchaser's assignee, accepts an offer for sale as provided in Subsection 78B-6-521 (2)(a), the division shall:

(i)sell the vacant division-owned property to the original grantor or subsequent bona fide purchaser, or the original grantor's or subsequent bona fide purchaser's assignee, in accordance with Section 78B-6-521 ; and

(ii)terminate any process under this chapter to convey the vacant division-owned property.

(c)An original grantor or subsequent bona fide purchaser, or the original grantor's or subsequent bona fide purchaser's assignee, may waive rights afforded under Section 78B-6-521 and instead seek a transfer of ownership or lease of vacant division-owned property in the same manner as any other person seeking a transfer of ownership or lease of vacant division-owned property to which Section 78B-6-521 does not apply.

Amended by Chapter 480 , 2024 General Session