Utah § 16-10a-1324 Uncertificated shares.

Utah Statutes

§ 16-10a-1324 — Uncertificated shares.

Utah § 16-10a-1324

Title 16Corporations

Ch. 16-10aUtah Revised Business Corporation Act

Part 16-10a-13Dissenters' Rights

This text of Utah § 16-10a-1324 (Uncertificated shares.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 16-10a-1324 (2026).

Text

(1)Upon receipt of a demand for payment under Section 16-10a-1323 from a shareholder holding uncertificated shares, and in lieu of the deposit of certificates representing the shares, the corporation may restrict the transfer of the shares until the proposed corporate action is taken or the restrictions are released under Section 16-10a-1326.

(2)In all other respects, the provisions of Section 16-10a-1323 apply to shareholders who own uncertificated shares.

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(1) Upon receipt of a demand for payment under Section 16-10a-1323 from a shareholder holding uncertificated shares, and in lieu of the deposit of certificates representing the shares, the corporation may restrict the transfer of the shares until the proposed corporate action is taken or the restrictions are released under Section 16-10a-1326.
(2) In all other respects, the provisions of Section 16-10a-1323 apply to shareholders who own uncertificated shares.