Utah Code § 31A-1-108

Current through the 2024 Fourth Special Session
Section 31A-1-108 - Corporations in the process of organizing

Corporations in the process of organizing on July 1, 1986, may continue to organize under former Title 31, Insurance. Any corporation so organizing that does not obtain a certificate of authority by July 1, 1987, shall make appropriate refunds and reimbursements to subscribers, incorporators, and creditors in accordance with a plan approved by the commissioner. This plan shall specify the date that the legal existence of the corporation terminates.

Utah Code § 31A-1-108

Enacted by Chapter 242, 1985 General Session