Utah Statutes

§ 25-6-102 — Definitions.

Utah § 25-6-102
JurisdictionUtah
Title 25Fraud
Ch. 25-6Uniform Voidable Transactions Act
Part 25-6-1General Provisions

This text of Utah § 25-6-102 (Definitions.) 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. § 25-6-102 (2026).

Text

As used in this chapter:

(1)"Affiliate" means:
(1)(a) a person that directly or indirectly owns, controls, or holds with power to vote, 20% or more of the outstanding voting securities of the debtor, other than a person that holds the securities:
(1)(a)(i) as a fiduciary or agent without sole discretionary power to vote the securities; or
(1)(a)(ii) solely to secure a debt, if the person has not exercised the power to vote;
(1)(b) a corporation 20% or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the debtor or a person that directly or indirectly owns, controls, or holds, with power to vote, 20% or more of the outstanding voting securities of the debtor, other than a person that holds the securities:
(1)(b)(i) as

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Legislative History

Renumbered and Amended by Chapter 204, 2017 General Session

Nearby Sections

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Bluebook (online)
Utah § 25-6-102, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/25-6-102.