Utah Code 57-19-4. Unregistered sales prohibited
Current as of: 2024 | Check for updates
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Terms Used In Utah Code 57-19-4
- Development: includes :(11)(b)(i) a single-site development; or(11)(b)(ii) a multiple-site development. See Utah Code 57-19-2
- Interest: includes a membership agreement, sale, lease, deed, license, or right-to-use agreement. See Utah Code 57-19-2
- Offer: means a solicitation solely intended to result in a person purchasing an interest in a development. See Utah Code 57-19-2
- Person: means :
(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5- sell: means selling an interest in a development for value. See Utah Code 57-19-2
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
Except as provided in Section 57-19-26, it is unlawful for a person to offer or sell in this state an interest in a development unless the development is registered under this chapter or the person holds a temporary permit described in Section 57-19-6.