76-16-501. Definitions.
173 words·~1 min read·
/ut/title-76/chapter-16/76-16-501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
76-16-501. Definitions.
As used in this part:
(1)"Attempt to monopolize" means action taken without a legitimate business purpose and with a specific intent of destroying competition or controlling prices to substantially lessen competition, or creating a monopoly, where there is a dangerous probability of creating a monopoly.
(2)"Attorney general" means the attorney general of the state or one of the attorney general's assistants.
(3)"Commodity" includes a product of the soil, an article of merchandise or trade or commerce, and any other kind of real or personal property.
(4)"Manufacturer" means the producer or originator of a commodity or service.
(5)"Service" includes an activity that is performed in whole or in part for the purpose of financial gain including, but not limited to, personal service, professional service, rental, leasing or licensing for use.
(6)"Trade or commerce" includes all economic activity involving, or relating to, a commodity, service, or business activity, including the cost of exchange or transportation.
Renumbered and Amended by Chapter 173 , 2025 General Session