Utah Statutes

§ 53G-5-605 — State to succeed to property of authority when encumbrances paid or authority dissolved.

Utah § 53G-5-605
JurisdictionUtah
Title 53GPublic Education System -- Local Administration
Ch. 53G-5Charter Schools
Part 53G-5-6Charter School Credit Enhancement Program

This text of Utah § 53G-5-605 (State to succeed to property of authority when encumbrances paid or authority dissolved.) 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. § 53G-5-605 (2026).

Text

(1)If the authority is dissolved at any time, for any reason, all funds, property, rights, and interests of the authority, following the satisfaction of the authority's obligations, shall immediately vest in and become the property of the state, which shall succeed to all rights of the authority subject to any encumbrances which may then exist on any particular properties.
(2)None of the net earnings of the authority shall inure to the benefit of any private person.

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Legislative History

Renumbered and Amended by Chapter 3, 2018 General Session

Nearby Sections

15
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Bluebook (online)
Utah § 53G-5-605, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/53G-5-605.