Utah Statutes
§ 57-23-2 — Definitions.
As used in this chapter:
(1)"Cooperative" means a form of coownership of real estate in which:
(1)(a) the fee interest in the real estate is held by a corporation, partnership, trust, or other legal entity;
(1)(b) an individual's interest in the cooperative is evidenced in a form such as stock, participation shares, membership certificates, or similar instrument; and
(1)(c) the participating individual's right of occupancy is demonstrated by a proprietary lease or similar instrument.
(2)"Division" means the Division of Real Estate of the Department of Commerce.
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Legislative History
Enacted by Chapter 262, 1991 General Session
Nearby Sections
15
§ 57-1-1
Definitions.§ 57-1-10
After-acquired title passes.§ 57-1-12
Form of warranty deed -- Effect.§ 57-1-12.5
Form of special warranty deed -- Effect.§ 57-1-13
Form of quitclaim deed.§ 57-1-14
Form of mortgage -- Effect.§ 57-1-19
Trust deeds -- Definitions of terms.