Utah § 11-14-309 - Refunding bonds -- Limitation on redemption of bonds.

Full text of Utah Utah Code § 11-14-309 — Refunding bonds -- Limitation on redemption of bonds., with citation guidance and answers to common questions.

§ 11-14-309. Refunding bonds -- Limitation on redemption of bonds.

11-14-309.  Refunding bonds -- Limitation on redemption of bonds.
(1) Any bond issued under this chapter may be refunded as provided in the Utah Refunding Bond Act.
(2) Nothing contained in this chapter nor in any other law of this state may be construed to permit any local political subdivision to call outstanding bonds for redemption in order to refund those bonds or in order to pay them prior to their stated maturities, unless:
(a) the right to call the bonds for redemption was specifically reserved and stated in the bonds at the time of their issuance; and
(b) all conditions with respect to the manner, price, and time applicable to the redemption as set forth in the proceedings authorizing the outstanding bonds are strictly observed.
(3) A holder of an outstanding bond may not be compelled to surrender the bond for refunding before its stated maturity or optional date of redemption expressly reserved in the bond, even though the refunding might result in financial benefit to the local political subdivision issuing the bond.


Renumbered and Amended by Chapter 105, 2005 General Session

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

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Frequently Asked Questions About Utah § 11-14-309

What does Utah Code § 11-14-309 cover?

Section 11-14-309 ("Refunding bonds -- Limitation on redemption of bonds.") 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 § 11-14-309?

A common citation format is "Utah Code § 11-14-309" (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 § 11-14-309 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.