Utah § 31A-5-101 Definitions.

Utah Statutes

§ 31A-5-101 — Definitions.

Utah·Title 31A Insurance Code·Ch. 31A-5 Domestic Stock and Mutual Insurance Corporations·Part 31A-5-1 General Provisions

In this chapter, unless the context requires otherwise:

(1)The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations:

(1)(a) "affiliate";

(1)(b) "mail"; and

(1)(c) "notice."

(2)The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals:

(2)(a) "articles of incorporation";

(2)(b) "bylaws"; and

(2)(c) "member."

(3)"Promoter securities" are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.

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In this chapter, unless the context requires otherwise:
(1) The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations:

(1)(a) "affiliate";
(1)(b) "mail"; and
(1)(c) "notice."
(2) The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals:

(2)(a) "articles of incorporation";
(2)(b) "bylaws"; and
(2)(c) "member."
(3) "Promoter securities" are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.

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