67-4a-702. Disposal of securities.
97 words·~1 min read·
/ut/title-67/chapter-4a/67-4a-702A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/9/2017
67-4a-702. Disposal of securities.
(1)The administrator may not sell or otherwise liquidate a security until three years after the administrator receives the security and gives the apparent owner notice under Section 67-4a-503 that the administrator holds the security.
(2)The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale.
(3)The administrator may sell a security not listed on an established exchange by any commercially reasonable method.
Repealed and Re-enacted by Chapter 371 , 2017 General Session