Utah § 10a-1324 - Uncertificated shares.
Full text of Utah Utah Code § 10a-1324 — Uncertificated shares., with citation guidance and answers to common questions.
§ 10a-1324. Uncertificated shares.
| (1) | Upon receipt of a demand for payment under Section 16-10a-1323 from a shareholder holding uncertificated shares, and in lieu of the deposit of certificates representing the shares, the corporation may restrict the transfer of the shares until the proposed corporate action is taken or the restrictions are released under Section 16-10a-1326. |
| (2) | In all other respects, the provisions of Section 16-10a-1323 apply to shareholders who own uncertificated shares. |
Enacted by Chapter 277, 1992 General Session
Frequently Asked Questions About Utah § 10a-1324
What does Utah Code § 10a-1324 cover?
Section 10a-1324 ("Uncertificated shares.") 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 § 10a-1324?
A common citation format is "Utah Code § 10a-1324" (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 § 10a-1324 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.