Utah § 53H-8-604 Agreements with bondholders unalterable.

Utah Statutes

§ 53H-8-604 — Agreements with bondholders unalterable.

Utah § 53H-8-604

Title 53HHigher Education

Ch. 53H-8Finance

Part 53H-8-6Higher Education Loans

This text of Utah § 53H-8-604 (Agreements with bondholders unalterable.) 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. § 53H-8-604 (2026).

Text

(1)Neither limitations or alterations of the rights vested in the board to fulfill the terms of an agreement made with bondholders nor impairment of the rights and remedies of those bondholders may occur until:

(1)(a) the bonds, together with interest on the bonds and interest on unpaid installments of interest are met and discharged; and

(1)(b) all costs and expenses in connection with an action or proceeding by or on behalf of those bondholders are met and discharged.

(2)The board may include provisions to this effect in an agreement with the holders of the bonds.

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(1) Neither limitations or alterations of the rights vested in the board to fulfill the terms of an agreement made with bondholders nor impairment of the rights and remedies of those bondholders may occur until:
(1)(a) the bonds, together with interest on the bonds and interest on unpaid installments of interest are met and discharged; and
(1)(b) all costs and expenses in connection with an action or proceeding by or on behalf of those bondholders are met and discharged.
(2) The board may include provisions to this effect in an agreement with the holders of the bonds.