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Utah Code § 61-1-21.1

Limitation of prosecutions

Known as the Utah Uniform Securities Act

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

Applied in 2 court decisions — leading case Phillips v. Department of Commerce, Division of Securities (2017)

Most recently applied in Morgan v. Department of Commerce (December 2017)

Amended by Chapter 401, 2016 General Session

(1) An indictment or information may not be returned or civil complaint filed under this chapter more than five years after the alleged violation.

(2) An administrative action filed under this chapter may be commenced within 10 years after the violation occurs.

(3) When a violation is based on a series of acts or continuing course of business, the conduct may be considered as one continuing offense and the period of limitation described in Subsection (1) or (2) does not begin to run until the last act in the series of acts or course of business is completed.

(4) As to causes of action arising from violations of this chapter, the limitation of prosecutions provided in this section supersedes the limitation of actions provided in Section 76-1-302 and Title 78B, Chapter 2, Statutes of Limitations.

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