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Utah Code § 67-4a-702

Disposal of securities

Repealed and Re-enacted by Chapter 371, 2017 General Session

(1) The administrator may not sell or otherwise liquidate a security until three years after the administrator receives the security and gives the apparent owner notice under Section 67-4a-503 that the administrator holds the security.

(2) The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale.

(3) The administrator may sell a security not listed on an established exchange by any commercially reasonable method.

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