Utah Statutes
§ 57-29-305 — Voidable agreements.
Utah·Title 57 Real Estate·Ch. 57-29 Undivided Fractionalized Long-term Estate Sales Practices Act·Part 57-29-3 Investigation and Enforcement
(1)(1)(a) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement.
(1)(b) A purchaser may rescind an agreement under this Subsection (1) at any time before the closing.
(2)A purchaser who rescinds an agreement in accordance with Subsection (1) is entitled to all the consideration that the purchaser gave under the rescinded agreement.
(3)In an action to enforce a purchaser's right of rescission under Subsection (1), the court shall award costs and reasonable attorney fees to the prevailing party.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 57-29-305 (Voidable agreements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 381, 2016 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.