Utah Code > Title 63L > Chapter 13 – Restrictions on Foreign Acquisitions of Land Act
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Part 1 | General Provisions | 63L-13-101 |
Part 2 | Interests in Land | 63L-13-201 – 63L-13-202 |
Terms Used In Utah Code > Title 63L > Chapter 13 - Restrictions on Foreign Acquisitions of Land Act
- Affected guaranty association: means a guaranty association that is or may become liable for payment of a covered claim. See Utah Code 31A-27a-102
- Affiliate: is a s defined in Section 31A-1-301. See Utah Code 31A-27a-102
- Allegation: something that someone says happened.
- Bequest: Property gifted by will.
- Commissioner: is a s defined in Section 31A-1-301. See Utah Code 31A-27a-102
- Contract: A legal written agreement that becomes binding when signed.
- Control: is a s defined in Section 31A-1-301. See Utah Code 31A-27a-102
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Delinquency proceeding: means a:
(a) proceeding instituted against an insurer for the purpose of rehabilitating or liquidating the insurer; and (b) summary proceeding under Section 31A-27a-201. See Utah Code 31A-27a-102 - Devise: To gift property by will.
- Director: means a member of the board of directors of a corporation. See Utah Code 31A-1-301
- Employee: means :
(a) an individual employed by an employer; or (b) an individual who meets the requirements of Subsection (53)(b). See Utah Code 31A-1-301 - Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Filed: means that a filing is:
(i) submitted to the department as required by and in accordance with applicable statute, rule, or filing order; (ii) received by the department within the time period provided in applicable statute, rule, or filing order; and (iii) accompanied by the appropriate fee in accordance with: (A) Section 31A-3-103; or (B) rule. See Utah Code 31A-1-301 - Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fraud: Intentional deception resulting in injury to another.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Guaranty association: means :
(a) a mechanism mandated by Chapter 28, Guaranty Associations; or (b) a similar mechanism in another state that is created for the payment of claims or continuation of policy obligations of a financially impaired or insolvent insurer. See Utah Code 31A-27a-102 - Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Insurance: includes :
(i) a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind; (ii) a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and (iii) a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301 - Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes:
(i) a policyholder; (ii) a subscriber; (iii) a member; and (iv) a beneficiary. See Utah Code 31A-1-301 - insurer: means a person who:
(a) is doing, has done, purports to do, or is licensed to do the business of insurance; (b) is or has been subject to the authority of, or to rehabilitation, liquidation, reorganization, supervision, or conservation by an insurance commissioner; or (c) is included under Section 31A-27a-104. See Utah Code 31A-27a-102 - Interest in land: means any right, title, lien, claim, interest, or estate with respect to land. See Utah Code 63L-13-101
- Land: includes :
(i) agricultural land, as defined in Section 4-46-102; (ii) land owned or controlled by a political subdivision; (iii) land owned or controlled by a school district; (iv) non-federal land, as defined in Section 9-9-402; (v) private land; (vi) public land; (vii) state land, as defined in Subsection 9-9-402(14)(a); (viii) waters of the state, as defined in Subsection 19-5-102(23)(a); and (ix) subsurface land. See Utah Code 63L-13-101 - License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- Order: means an order of the commissioner. See Utah Code 31A-1-301
- Person: includes :
(a) an individual; (b) a partnership; (c) a corporation; (d) an incorporated or unincorporated association; (e) a joint stock company; (f) a trust; (g) a limited liability company; (h) a reciprocal; (i) a syndicate; or (j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301 - Probate: Proving a will
- Proceeding: includes an action or special statutory proceeding. See Utah Code 31A-1-301
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- receiver: means the commissioner or the commissioner's designee, including a rehabilitator, liquidator, or ancillary receiver. See Utah Code 31A-27a-102
- receivership: means a rehabilitation, liquidation, or ancillary receivership. See Utah Code 31A-27a-102
- Record: when used as a noun, means information or data, in whatever form maintained, including:
(a) a book; (b) a document; (c) a paper; (d) a file; (e) an application file; (f) a policyholder list; (g) policy information; (h) a claim or claim file; (i) an account; (j) a voucher; (k) a litigation file; (l) a premium record; (m) a rate book; (n) an underwriting manual; (o) a personnel record; (p) a financial record; or (q) other material. See Utah Code 31A-27a-102 - Restricted foreign entity: means :
(a) a company that the United States Secretary of Defense is required to identify and report as a military company under Section 1260H of the William M. See Utah Code 63L-13-101 - Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- 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
- State: means a state, district, or territory of the United States. See Utah Code 31A-27a-102
- United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
- Writing: includes :Utah Code 68-3-12.5