Utah § 54-4-27 - Payment of dividends -- Notice -- Restraint.

Full text of Utah Utah Code § 54-4-27 — Payment of dividends -- Notice -- Restraint., with citation guidance and answers to common questions.

§ 54-4-27. Payment of dividends -- Notice -- Restraint.

Effective 7/1/2024
54-4-27.  Payment of dividends -- Notice -- Restraint.
(1)No gas or electric corporation doing business in this state shall pay any dividend upon its common stock prior to 30 days after the date of the declaration of such dividend by the board of directors of such utility corporation.
(2)Within five days after the declaration of such dividend the management of such corporation shall:
(a)notify the utilities commission in writing of the declaration of said dividend, the amount thereof, the date fixed for payment of the same; and
(b)publish a notice, including the information described in Subsection (2)(a):
(i)in a newspaper having general circulation in the city or town where its principal place of business is located; and
(ii)as required in Section 45-1-101.
(3)If the commission, after investigation, shall find that the capital of any such corporation is being impaired or that its service to the public is likely to become impaired or is in danger of impairment, it may issue an order directing such utility corporation to refrain from the payment of said dividend until such impairment is made good or danger of impairment is avoided.
(4)A court may enforce the order of the commissionand issue a restraining order pending final determination of the action.


Amended by Chapter 158, 2024 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 54-4-27

What does Utah Code § 54-4-27 cover?

Section 54-4-27 ("Payment of dividends -- Notice -- Restraint.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 54-4-27?

A common citation format is "Utah Code § 54-4-27" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 54-4-27 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.