§ 61-1-18.8 — Concurrence under this chapter.

Utah § 61-1-18.8

• Jurisdiction: Utah
• Title 61: Securities Division - Real Estate Division
• Ch. 61-1: Utah Uniform Securities Act

Text

(1) For purposes of this section, "concurrence" means the entities given a concurring role must jointly agree for the action to be taken.
(2) Except for Section 61-1-18.7, if a provision of this chapter requires concurrence between the director or division and the commission and no concurrence can be reached, the director or division has final authority.
(3) When this chapter requires concurrence between the director or division and the commission:

(3)(a) the director or division shall report to and update the commission on a regular basis related to matters requiring concurrence; and
(3)(b) the commission shall review the report submitted by the director or division under this Subsection (3) and concur with the report, or:
(3)(b)(i) provide a reason for not concurring with the report; and
(3)(b)(ii) provide recommendations to the division or director.

Legislative History

Enacted by Chapter 25, 2016 General Session