| (1) |
Every vendor shall maintain receipts or a permanent record book for the acquisition of new and unused property which shall contain:
Terms Used In Utah Code 13-32-104
| (a) |
the date of the transaction on which the property was acquired; |
| (b) |
the name and address of the person from whom the property was acquired; |
| (c) |
an identification and description of the property acquired; |
| (d) |
the price paid for such property; and |
| (e) |
the signatures of the person selling the property and the vendor. |
|
| (2) |
The receipt or record for each transaction required by Subsection (1) shall be maintained by the vendor for a period of not less than one year following the date of the transaction. |
Amended by Chapter 378, 2010 General Session
