Utah § 56-1-3 - Stock subscriptions -- Minimum requirements.
Full text of Utah Utah Code § 56-1-3 — Stock subscriptions -- Minimum requirements., with citation guidance and answers to common questions.
§ 56-1-3. Stock subscriptions -- Minimum requirements.
The Division of Corporations and Commercial Code shall not issue a certificate of incorporation to any railroad corporation which proposes to construct a railroad until it shall appear by the affidavit of at least three of the incorporators that $1,000 for each mile in length of the railroad proposed to be constructed shall have been subscribed, and that 10% of the stock subscribed by each stockholder has been paid in.
Amended by Chapter 67, 1984 General Session
Frequently Asked Questions About Utah § 56-1-3
What does Utah Code § 56-1-3 cover?
Section 56-1-3 ("Stock subscriptions -- Minimum requirements.") 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 § 56-1-3?
A common citation format is "Utah Code § 56-1-3" (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 § 56-1-3 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.