Utah § 1a-806 - Statement of interest exchange -- Effective date of interest exchange. (Effective 10/1/2026)
Full text of Utah Utah Code § 1a-806 — Statement of interest exchange -- Effective date of interest exchange. (Effective 10/1/2026), with citation guidance and answers to common questions.
§ 1a-806. Statement of interest exchange -- Effective date of interest exchange. (Effective 10/1/2026)
Effective 10/1/2026 16-1a-806.
Statement of interest exchange -- Effective date of interest exchange.
(1)
A domestic acquired entity shall sign a statement of interest exchange and deliver the statement of interest exchange to the division for filing.
(2)
A statement of interest exchange shall contain:
(a)
the acquired entity's name and type of entity;
(b)
the acquiring entity's name, jurisdiction of formation and type of entity;
(c)
if the statement of interest exchange is not to be effective upon filing, the later day and time on which the statement of interest exchange will become effective, which may not be more than 90 days after the day on which the division files the statement of interest exchange;
(d)
a statement that the acquired entity approved the plan of interest exchange in accordance with Section 16-1a-804; and
(e)
any amendment to the acquired entity's public record, if any, that was approved as part of the interest exchange.
(3)
In addition to the requirements of Subsection (2), a statement of interest exchange may contain any other provision not prohibited by law.
(4)
(a)
A domestic acquired entity may deliver a plan of interest exchange that the domestic acquired entity signs and that meets all the requirements of Subsection (2) to the division for filing instead of a statement of interest exchange.
(b)
A domestic acquired entity delivering a plan of interest exchange to the division in accordance with Subsection (4)(a) has the same effect as delivering a statement of interest exchange to the division.
(c)
If a domestic acquired entity delivers a plan of interest exchange as described in this Subsection (4), all references to a statement of interest exchange in this part refer to the plan of interest exchange for that plan of interest exchange.
(5)
A statement of interest exchange takes effect on the day and time:
(a)
on which the domestic acquired entity delivers the statement of interest exchange to the division for filing; or
(b)
specified in the statement of interest exchange that is later than the day and time on which the domestic acquired entity delivers the statement of interest exchange to the division for filing.
(6)
An interest exchange in which the acquired entity is a domestic entity takes effect when the statement of interest exchange takes effect.
Section 1a-806 ("Statement of interest exchange -- Effective date of interest exchange. (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 § 1a-806?
A common citation format is "Utah Code § 1a-806" (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 § 1a-806 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.
