Utah § 16-20-707 - Court proceedings. (Effective 10/1/2026)

Full text of Utah Utah Code § 16-20-707 — Court proceedings. (Effective 10/1/2026), with citation guidance and answers to common questions.

§ 16-20-707. Court proceedings. (Effective 10/1/2026)

Effective 10/1/2026
16-20-707. Court proceedings.

(1)

(a)

A dissolved limited liability company that has published a notice under Section 16-20-706 may petition a court with jurisdiction under Title 78A, Judiciary and Judicial Administration, for a determination of the amount and form of security to be provided for payment of claims that are contingent, have not been made known to the limited liability company, or are based on an event occurring after the effective date of dissolution but which, based on the facts known to the dissolved limited liability company, are reasonably expected to arise after the effective date of dissolution.

(b)	Security is not required for any claim that is or is reasonably anticipated to be barred under Subsection 16-20-706(3).

(2)	No later than 10 days after the filing of an application under Subsection (1), the dissolved limited liability company shall give notice of the proceeding to each claimant holding a contingent claim known to the limited liability company.

(3)

(a)	In any proceeding under this section, the court may appoint a guardian ad litem to represent all claimants whose identities are unknown.

(b)	The reasonable fees and expenses of the guardian, including all reasonable expert witness fees, must be paid by the dissolved limited liability company.

(4)

A dissolved limited liability company that provides security in the amount and form ordered by the court under Subsection (1) satisfies the limited liability company's obligations with respect to claims that are contingent, have not been made known to the limited liability company, or are based on an event occurring after the effective date of dissolution, and such claims may not be enforced against a member or transferee that received assets in liquidation.

Renumbered and Amended by Chapter 93, 2026 General Session

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

Frequently Asked Questions About Utah § 16-20-707

What does Utah Code § 16-20-707 cover?

Section 16-20-707 ("Court proceedings. (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 § 16-20-707?

A common citation format is "Utah Code § 16-20-707" (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 § 16-20-707 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

Official text of § 16-20-707 at the Utah source

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