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Terms Used In Utah Code 22-5-10

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Transfer: means a change on the books of a corporation in the registered ownership of a security. See Utah Code 22-5-2
     This act does not affect any obligation of a corporation or transfer agent with respect to estate, inheritance, succession or other taxes imposed by the laws of this state.

Enacted by Chapter 46, 1961 General Session