Utah Statutes
§ 61-2f-507 — Division authority to act upon receipt of petition.
Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-2f Real Estate Licensing and Practices Act·Part 61-2f-5 Real Estate Education, Research, and Recovery Fund Act
(1)When the division is served a petition under Section 61-2f-506, the division may:
(1)(a) file an answer to the petition in the court;
(1)(b) initiate a review proceeding conducted by the division; or
(1)(c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.
(2)The division may settle a claim against the fund if:
(2)(a) the person who brings the claim requests a settlement; and
(2)(b) the court in which the petition is filed approves the settlement.
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Utah § 61-2f-507 (Division authority to act upon receipt of petition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 379, 2010 General Session
Nearby Sections
15
§ 61-1-1
Fraud unlawful.§ 61-1-10
Registration by qualification.§ 61-1-101
Title.§ 61-1-102
Definitions.§ 61-1-103
Procedure for disclosure.§ 61-1-105
Remedies for employee bringing action.§ 61-1-106
Award for reporter.§ 61-1-13
Definitions.§ 61-1-14
Exemptions.