Terms Used In Utah Code > Title 57 > Chapter 8a > Part 4 - Insurance

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Assessment: includes :

  (i)	a common expense; and

  (ii)

  an amount assessed against a lot owner under Subsection 57-8a-405(7). See Utah Code 57-8a-102 association: means a corporation or other legal entity, any member of which: (i)  is an owner of a residential lot located within the jurisdiction of the association, as described in the governing documents; and (ii)  by virtue of membership or ownership of a residential lot is obligated to pay: (A)  real property taxes; (B)  insurance premiums; (C)  maintenance costs; or (D)  for improvement of real property not owned by the member. See Utah Code 57-8a-102 board: means the entity, regardless of name, with primary authority to manage the affairs of the association. See Utah Code 57-8a-102 Common areas: means property that the association: (a)  owns; (b)  maintains; (c)  repairs; or (d)  administers. See Utah Code 57-8a-102 Common expense: means costs incurred by the association to exercise any of the powers provided for in the association's governing documents. See Utah Code 57-8a-102 Document: means every instrument in writing, including every conveyance, affecting, purporting to affect, describing, or otherwise concerning any right, title, or interest in real property, except wills and leases for a term not exceeding one year. See Utah Code 57-1-1 Governing documents: includes : (i)  articles of incorporation; (ii)  bylaws; (iii)  a plat; (iv)  a declaration of covenants, conditions, and restrictions; and (v)  rules of the association. See Utah Code 57-8a-102 Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity. Lien: A claim against real or personal property in satisfaction of a debt. Lot: means : (a)  a lot, parcel, plot, or other division of land: (i)  designated for separate ownership or occupancy; and (ii)  (A)  shown on a recorded subdivision plat; or (B)  the boundaries of which are described in a recorded governing document; or (b)  (i)  a unit in a condominium association if the condominium association is a part of a development; or (ii)  a unit in a real estate cooperative if the real estate cooperative is part of a development. See Utah Code 57-8a-102 Mixed-use project: means a project under this chapter that has both residential and commercial lots in the project. See Utah Code 57-8a-102 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. Period of administrative control: means the period during which the person who filed the association's governing documents or the person's successor in interest retains authority to: (a)  appoint or remove members of the association's board of directors; or (b)  exercise power or authority assigned to the association under the association's governing documents. See Utah Code 57-8a-102 Person: means :Utah Code 68-3-12.5 Property: includes both real and personal property. See Utah Code 68-3-12.5 reasonably available: means available using typical insurance carriers and markets, irrespective of the ability of the association to pay. See Utah Code 57-8a-401 Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant. Rule: means a policy, guideline, restriction, procedure, or regulation of an association that: (i)  is not set forth in a contract, easement, article of incorporation, bylaw, or declaration; and (ii)  governs: (A)  the conduct of persons; or (B)  the use, quality, type, design, or appearance of real property or personal property. See Utah Code 57-8a-102 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 Statute: A law passed by a legislature. Trustee: A person or institution holding and administering property in trust.