Utah § 10b-402 - Availability of annual benefit report. (Effective 10/1/2026)

Full text of Utah Utah Code § 10b-402 — Availability of annual benefit report. (Effective 10/1/2026), with citation guidance and answers to common questions.

§ 10b-402. Availability of annual benefit report. (Effective 10/1/2026)

Effective 10/1/2026
16-10b-402.  Availability of annual benefit report.
(1)A benefit corporation shall send its annual benefit report required by Section 16-10b-401 to each shareholder on the earlier of:
(a)120 days following the end of the fiscal year of the benefit corporation; or
(b)the same time that the benefit corporation delivers another annual report to its shareholders.
(2)A benefit corporation shall post all of its annual benefit reports on the public portion of its Internet website, if any, but financial or proprietary information included in the annual benefit reports may be omitted from the annual benefit reports as posted.
(3)If a benefit corporation does not have an Internet website, the benefit corporation shall provide a copy of its most recent annual benefit report, without charge, to a person that requests a copy, but financial or proprietary information included in the annual benefit report may be omitted from the copy of the benefit report provided.
(4)
(a)At the same time that the benefit corporation files its annual report with the division in accordance with Section 16-1a-212, the benefit corporation shall deliver the most recent copy of the annual benefit report to the division for filing, but financial or proprietary information included in the annual benefit report may be omitted from the annual benefit report as delivered to the division.
(b)The division shall charge a fee established by the division in accordance with Section 63J-1-504 for filing an annual benefit report.
(c)The benefit corporation shall file the annual benefit report in addition to the annual report required by Section 16-1a-212.


Amended by Chapter 92, 2026 General Session

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

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Frequently Asked Questions About Utah § 10b-402

What does Utah Code § 10b-402 cover?

Section 10b-402 ("Availability of annual benefit report. (Effective 10/1/2026)") 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 § 10b-402?

A common citation format is "Utah Code § 10b-402" (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 § 10b-402 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.