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Code · Utah · Title 76 — Utah Criminal Code · Chapter 16

76-16-211. Unlawful circulation of a corporate or association note.

111 words·~1 min read·/ut/title-76/chapter-16/76-16-211

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Effective 5/7/2025
76-16-211. Unlawful circulation of a corporate or association note.
(1)Terms defined in Sections 76-1-101.5 , 76-16-101 , and 76-16-201 apply to this section.
(2)An actor commits unlawful circulation of a corporation or association note if the actor:
(a)is:
(i)a director, officer, agent, or member of a corporation or association; or
(ii)a person who aids or abets a person described in Subsection (2)(a)(i); and
(b)without the authority from a corporation's or association's directors, issues or puts in circulation a note of the corporation or association.
(3)A violation of Subsection
(2)is a third degree felony.
Enacted by Chapter 173 , 2025 General Session
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