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Utah Code § 61-1-18.8

Concurrence under this chapter

Known as the Utah Uniform Securities Act

The act spans §§ 61-1-1–61-1-9 (58 sections).

Enacted by Chapter 25, 2016 General Session

(1) For purposes of this section, "concurrence" means the entities given a concurring role must jointly agree for the action to be taken.

(2) Except for Section 61-1-18.7, if a provision of this chapter requires concurrence between the director or division and the commission and no concurrence can be reached, the director or division has final authority.

(3) When this chapter requires concurrence between the director or division and the commission:

(a) the director or division shall report to and update the commission on a regular basis related to matters requiring concurrence; and

(b) the commission shall review the report submitted by the director or division under this Subsection (3) and concur with the report, or:

(i) provide a reason for not concurring with the report; and

(ii) provide recommendations to the division or director.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.