Utah Statutes

§ 63E-1-404 — Penalties for violation.

Utah § 63E-1-404
JurisdictionUtah
Title 63EIndependent Entities Code
Ch. 63E-1Independent Entities Act
Part 63E-1-4Privatization of Independent Entities

This text of Utah § 63E-1-404 (Penalties for violation.) 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. § 63E-1-404 (2026).

Text

(1)A person who knowingly violates this part:
(1)(a) is guilty of a third degree felony if the combined value of any compensation or assets received by the person as a result of the violation is equal to or greater than $10,000; or
(1)(b) is guilty of a class A misdemeanor if the combined value of any compensation or assets received by the person as a result of the violation is less than $10,000.
(2)(2)(a) In addition to any penalty imposed under Subsection (1), a person that violates this part shall return to the successor of the independent entity any compensation or assets received in violation of this part.
(2)(b) If the assets received by the person in violation of this part are no longer in the possession of the person, the person shall pay the successor of the independent entity

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

Amended by Chapter 125, 2022 General Session

Nearby Sections

15
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
Utah § 63E-1-404, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/63E-1-404.