Section R156-38a-301b - Event Necessitating Registration - Name Change by Qualified Beneficiary - Reorganization of Registrant's Business Type - Transferability of Registration(1) Any change in entity status by a registrant requires registration with the Fund by the new or surviving entity before that entity is a qualified beneficiary.(2) The following constitute a change of entity status for purposes of Subsection (1): (a) creation of a new legal entity as a successor or related-party entity of the registrant;(b) change from one form of legal entity to another by the registrant; or(c) merger or other similar transaction wherein the existing registrant is acquired by or assumed into another entity and no longer conducts business as its own legal entity.(3) A qualified beneficiary registrant shall notify the Division in writing of a name change within 30 days of the change becoming effective. The notice shall provide the following: (a) the registrant's prior name;(b) the registrant's new name;(c) the registrant's registration number; and(d) proof of registration with the Division of Corporations and Commercial Code as required by state law.(4) A registration shall not be transferred, lent, borrowed, sold, exchanged for consideration, assigned, or made available for use by any entity other than the registrant for any reason.(5) A claimant shall not be considered a qualified beneficiary registrant merely by virtue of owning or being owned by an entity that is a qualified beneficiary.Utah Admin. Code R156-38a-301b