Utah § 61-6-12 - Dissenter's rights.
Full text of Utah Utah Code § 61-6-12 — Dissenter's rights., with citation guidance and answers to common questions.
§ 61-6-12. Dissenter's rights.
| (1) | Unless otherwise provided in a corporation's articles of incorporation or bylaws before a control share acquisition has occurred, in the event control shares acquired in a control share acquisition are accorded full voting rights and the acquiring person has acquired control shares with a majority or more of all voting power, all shareholders of the issuing public corporation have dissenter's rights as provided in this chapter. |
| (2) | As soon as practicable after such events have occurred, the board of directors shall cause a notice to be sent to all shareholders of the corporation advising them of the facts and that they have dissenter's rights to receive the fair value of their shares under Sections 16-10a-1301 through 16-10a-1331. |
| (3) | As used in this section, "fair value" means a value not less than the highest price paid per share by the acquiring person in the control share acquisition. |
Amended by Chapter 277, 1992 General Session
Frequently Asked Questions About Utah § 61-6-12
What does Utah Code § 61-6-12 cover?
Section 61-6-12 ("Dissenter's rights.") 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 § 61-6-12?
A common citation format is "Utah Code § 61-6-12" (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 § 61-6-12 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.