Utah Code 11-39-105. Retained payments
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Terms Used In Utah Code 11-39-105
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Local entity: means a county, city, town, metro township, special district, or special service district. See Utah Code 11-39-101
Each payment that the local entity retains on a contract with a private person, firm, or corporation shall be retained and released as provided in Section 13-8-5.
Enacted by Chapter 259, 2003 General Session