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Terms Used In Utah Code 48-3a-402

  • Property: means all property, whether real, personal, or mixed or tangible or intangible, or any right or interest therein. See Utah Code 48-3a-102
  • Transfer: includes :
         (28)(a) an assignment;
         (28)(b) a conveyance;
         (28)(c) a sale;
         (28)(d) a lease;
         (28)(e) an encumbrance, including a mortgage or security interest;
         (28)(f) a gift; and
         (28)(g) a transfer by operation of law. See Utah Code 48-3a-102

     A contribution may consist of property transferred to, services performed for, or another benefit provided to the limited liability company or an agreement to transfer property to, perform services for, or provide another benefit to the company.