Utah § 61-6-11 - Shares subject to redemption.
Full text of Utah Utah Code § 61-6-11 — Shares subject to redemption., with citation guidance and answers to common questions.
§ 61-6-11. Shares subject to redemption.
| (1) | If authorized in a corporation's articles of incorporation or bylaws before a control share acquisition has occurred, an issuing public corporation may redeem, at fair market value, control shares acquired in a control share acquisition with respect to which no acquiring person statement has been filed with the issuing public corporation. Any such redemption shall be consummated according to the procedures adopted by the corporation and shall take place at any time within 60 days after the last acquisition of control shares by the acquiring person. |
| (2) | Control shares acquired in a control share acquisition are not subject to redemption after an acquiring person statement has been filed, unless the shares are not accorded full voting rights by the shareholders as provided in Section 61-6-10. |
Enacted by Chapter 2, 1987 Special Session 1
Enacted by Chapter 2, 1987 Special Session 1
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 61-6-11
What does Utah Code § 61-6-11 cover?
Section 61-6-11 ("Shares subject to redemption.") 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 § 61-6-11?
A common citation format is "Utah Code § 61-6-11" (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 § 61-6-11 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.