Utah § 16-10a-1901 Definition.

Utah Statutes

§ 16-10a-1901 — Definition.

Utah § 16-10a-1901

Title 16Corporations

Ch. 16-10aUtah Revised Business Corporation Act

Part 16-10a-19Oppressive Conduct in a Closely Held Corporation

This text of Utah § 16-10a-1901 (Definition.) 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-1901 (2026).

Text

As used in this part:

(1)"Oppressive conduct" means a continuing course of conduct, a significant action, or a series of actions that substantially interferes with the interests of a shareholder as a shareholder.

(2)"Oppressive conduct" may include:

(2)(a) termination of a shareholder's employment; or

(2)(b) limitations on a shareholder's employment benefits to the extent that the limitations interfere with distributions or other shareholder interests disproportionately as to the affected shareholder.

(3)"Oppressive conduct" does not include an action allowed by an agreement, the corporation's articles of incorporation, the corporation's bylaws, or a consistently applied written corporate policy or procedure.

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As used in this part:
(1) "Oppressive conduct" means a continuing course of conduct, a significant action, or a series of actions that substantially interferes with the interests of a shareholder as a shareholder.
(2) "Oppressive conduct" may include:

(2)(a) termination of a shareholder's employment; or
(2)(b) limitations on a shareholder's employment benefits to the extent that the limitations interfere with distributions or other shareholder interests disproportionately as to the affected shareholder.
(3) "Oppressive conduct" does not include an action allowed by an agreement, the corporation's articles of incorporation, the corporation's bylaws, or a consistently applied written corporate policy or procedure.