Terms Used In Utah Code > Title 70A > Chapter 8 > Part 6 - Transition Provisions

• Security: except as otherwise provided in Section 70A-8-102, means an obligation of an issuer or a share, participation, or other interest in an issuer or in property or an enterprise of an issuer that:

  (i)	is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer;

  (ii)	is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations; and

  (iii)

  (A)  is, or is of a type, dealt in or traded on securities exchanges or securities markets; or (B)  is a medium for investment and by its terms expressly provides that it is a security governed by this chapter. See Utah Code 70A-8-101