Section 9 – Territorial application of law to rights and duties of corporation or third persons.
22-5-9. Territorial application of law to rights and duties of corporation or third persons. (1) The rights and duties of a corporation and its transfer agents in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the […]
Section 10 – Tax obligations not affected by act.
22-5-10. Tax obligations not affected by act. 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
Section 11 – Construction.
22-5-11. Construction. This act shall be so construed as to effectuate its general purpose to make uniform the law of those states which enact it. Enacted by Chapter 46, 1961 General Session
Section 1 – Retirement trusts exempted from rules against perpetuities, accumulations or suspension of power of alienation.
22-6-1. Retirement trusts exempted from rules against perpetuities, accumulations or suspension of power of alienation. No trust heretofore or hereafter created by an employer as part of a pension, stock bonus, disability, death benefit, profit sharing, retirement or similar plan, primarily for the benefit of some or all of such employers’ employees, their families, appointees […]
Section 2 – Income permitted to accumulate.
22-6-2. Income permitted to accumulate. The income arising from or earned by the property held in such trust within the classifications mentioned, may be permitted to accumulate in accordance with the terms of such trust, for so long a time as may be permitted by the instrument creating the trust, or if no time is […]
Section 7 – Nonliability of corporation or transfer agent.
22-5-7. Nonliability of corporation or transfer agent. A corporation or transfer agent incurs no liability to any person by making a transfer or otherwise acting in a manner authorized by this act. Enacted by Chapter 46, 1961 General Session
Section 8 – Nonliability of third persons.
22-5-8. Nonliability of third persons. (1) No person who participates in the acquisition, disposition, assignment or transfer of a security by or to a fiduciary including a person who guarantees the signature of the fiduciary is liable for participation in any breach of fiduciary duty by reason of failure to inquire whether the transaction involves […]
Section 801 – Uniformity of application and construction.
Effective 7/1/2020 22-3-801. Uniformity of application and construction. In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to the uniform act’s subject matter among states that enact it. Amended by Chapter 348, 2020 General Session
Section 802 – Relation to Electronic Signatures in Global and National Commerce Act.
Effective 7/1/2020 22-3-802. Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, or supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Sec. 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that act, 15 U.S.C. Sec. 7001(c), or authorize electronic delivery of […]
Section 803 – Application to trust or estate.
Effective 7/1/2020 22-3-803. Application to trust or estate. This chapter applies to a trust or estate existing or created on or after July 1, 2020, except as otherwise expressly provided in the terms of the trust or this chapter. Amended by Chapter 348, 2020 General Session