| (1) |
A business trust shall continuously maintain an agent in this state for service of process on the business trust. |
Terms Used In Utah Code 16-15-109
- 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.
- Division: means the Division of Corporations and Commercial Code. See Utah Code 16-15-102
- Person: means an individual, general partnership, limited liability partnership, limited partnership, limited liability company, limited association, domestic or foreign trust, estate, association, or corporation. See Utah Code 16-15-102
- Service of process: The service of writs or summonses to the appropriate party.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (2) |
The agent of the business trust shall be a person residing or authorized to do business in this state. |
| (3) |
If a business trust fails to maintain a registered agent in this state, the division may cancel the business trust’s registration. |
| (4) |
| (a) |
The registered agent of a business trust may resign by filing an original and one copy of a signed written notice of resignation with the division. The division shall mail a copy of the notice of resignation to the registered office of the business trust at the street address in the business trust’s certificate of registration. |
| (b) |
The appointment of the registered agent ends 30 days after the division receives notice of the resignation. |
|
| (5) |
Service may be effected on a business trust in the same manner prescribed for a corporation in Sections 16-10a-1511 and 16-10a-1521. |
Amended by Chapter 364, 2008 General Session
