76-16-201. Definitions.
87 words·~1 min read·
/ut/title-76/chapter-16/76-16-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
76-16-201. Definitions.
As used in this part:
(1)"Bona fide stockholder of record" means a stockholder of record who has acquired stock in good faith and is acting for a proper purpose reasonably related to the stockholder's interests as a stockholder.
(2)"Director" means a person having by law the direction or management of the affairs of a corporation, by whatever name the person is described in the corporation's charter or is known by law.
Renumbered and Amended by Chapter 173 , 2025 General Session