Utah Statutes
§ 56-1-3 — Stock subscriptions -- Minimum requirements.
The Division of Corporations and Commercial Code shall not issue a certificate of incorporation to any railroad corporation which proposes to construct a railroad until it shall appear by the affidavit of at least three of the incorporators that $1,000 for each mile in length of the railroad proposed to be constructed shall have been subscribed, and that 10% of the stock subscribed by each stockholder has been paid in.
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Legislative History
Amended by Chapter 67, 1984 General Session
Nearby Sections
15
§ 56-1-10
Maps of final location to be filed.§ 56-1-11
Maintenance of crossings.§ 56-1-12.1
Injury to livestock -- Notice.§ 56-1-13.1
Fencing right-of-way -- Gates.§ 56-1-14
Procedures at grade crossings.§ 56-1-15
Fire caused by railroad operations.§ 56-1-18.5
Railroad property -- Duty of care.§ 56-1-19
Right to eject passenger.§ 56-1-21
Checking baggage.