Utah § 10a-1902 - Shareholder cause of action -- Relief.

Full text of Utah Utah Code § 10a-1902 — Shareholder cause of action -- Relief., with citation guidance and answers to common questions.

§ 10a-1902. Shareholder cause of action -- Relief.

Effective 5/14/2019
16-10a-1902.  Shareholder cause of action -- Relief.
(1) A shareholder of a closely held corporation who is injured by oppressive conduct may bring a private cause of action against the closely held corporation.
(2)
(a) If a court finds that oppressive conduct toward the shareholder occurred, the court shall order one or more persons described in Subsection (2)(b) to purchase the injured shareholder's shares in the closely held corporation at fair value.
(b) A court may order that any of the following purchase the shares of the shareholder as described in Subsection (2)(a):
(i) the closely held corporation;
(ii) an officer of the closely held corporation;
(iii) a director of the closely held corporation; or
(iv) a shareholder of the closely held corporation that is responsible for the oppressive conduct.


Enacted by Chapter 272, 2019 General Session

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

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Frequently Asked Questions About Utah § 10a-1902

What does Utah Code § 10a-1902 cover?

Section 10a-1902 ("Shareholder cause of action -- Relief.") 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-1902?

A common citation format is "Utah Code § 10a-1902" (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-1902 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.