(1)

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code 58-9-708

  • Contract: A legal written agreement that becomes binding when signed.
  • Director: means the director of the Division of Professional Licensing. See Utah Code 58-1-102
  • Division: means the Division of Professional Licensing created in Section 58-1-103. See Utah Code 58-1-102
  • Trustee: A person or institution holding and administering property in trust.
     (1)(a) The division may at any time:

          (1)(a)(i) audit records of the provider; and
          (1)(a)(ii) inspect records of the provider.
     (1)(b) The provider or trustee shall make available to the division for examination, inspection, or auditing all records pertaining to the accounts relating to:

          (1)(b)(i) any contract sold under this chapter; and
          (1)(b)(ii) any trust established under this chapter.
(2)

     (2)(a) The director may employ experts from outside the division if special need exists to perform examinations, inspections, and audits under this section.
     (2)(b) The provider shall be responsible for payment to the division of all reasonable and necessary costs related to the employment of experts under this section.