Utah Code 16-10a-1902. Shareholder cause of action — Relief
Current as of: 2023 | Check for updates
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16-10a-1902. Shareholder cause of action — Relief.
(1) | A shareholder of a closely held corporation who is injured by oppressive conduct may bring a private cause of action against the closely held corporation. |
(i) | the person in whose name a share is registered in the records of a corporation; or |
(ii) | the beneficial owner of a share to the extent recognized pursuant to Section 16-10a-723. See Utah Code 16-10a-102 | ||||||||||||
(2) |
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Enacted by Chapter 272, 2019 General Session