Utah § 63B-1-320 State to succeed to property of authority when encumbrances paid or authority dissolved.

Utah Statutes

§ 63B-1-320 — State to succeed to property of authority when encumbrances paid or authority dissolved.

Utah § 63B-1-320

Title 63BBonds

Ch. 63B-1General Provisions

Part 63B-1-3State Building Ownership Authority Act

This text of Utah § 63B-1-320 (State to succeed to property of authority when encumbrances paid or authority dissolved.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63B-1-320 (2026).

Text

(1)Each facility shall immediately vest in and become the property of this state when the obligations encumbering it are paid.

(2)If the authority is dissolved at any time, for any reason, all property of the authority shall immediately vest in and become the property of this state, which shall succeed to all rights of the authority and to any encumbrances which may then exist on any particular facilities, to the extent provided by this part.

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(1) Each facility shall immediately vest in and become the property of this state when the obligations encumbering it are paid.
(2) If the authority is dissolved at any time, for any reason, all property of the authority shall immediately vest in and become the property of this state, which shall succeed to all rights of the authority and to any encumbrances which may then exist on any particular facilities, to the extent provided by this part.