76-16-212. Unauthorized corporate or association action.
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/ut/title-76/chapter-16/76-16-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
76-16-212. Unauthorized corporate or association action.
(1)Terms defined in Sections 76-1-101.5 , 76-16-101 , and 76-16-201 apply to this section.
(2)An actor commits unauthorized corporate or association action 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 having the authority to do so:
(i)issues or puts forth a certificate of deposit;
(ii)draws an order or bill of exchange;
(iii)makes an acceptance; or
(iv)assigns a note, bond, draft, bill of exchange, mortgage, judgment, or decree.
(3)A violation of Subsection
(2)is a third degree felony.
Enacted by Chapter 173 , 2025 General Session