Utah Statutes
§ 63H-8-411 — Asset disposition upon dissolution of corporation.
Utah·Title 63H Independent State Entities·Ch. 63H-8 Utah Housing Corporation Act·Part 63H-8-4 Corporation Assets and Obligations
Upon dissolution of the corporation:
(1)all liabilities and obligations of the corporation, including obligations to bondholders, shall be paid, satisfied, discharged, or adequately provided for; and
(2)all remaining money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.
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Legislative History
Renumbered and Amended by Chapter 226, 2015 General Session
Nearby Sections
15
§ 63H-1-101
Title.§ 63H-1-102
Definitions.§ 63H-1-103
Severability.§ 63H-1-202
Applicability of other law.§ 63H-1-204
MIDA energy tax.§ 63H-1-205
MIDA accommodations tax.§ 63H-1-208
Former rail line.§ 63H-1-209
Immunity from contaminated property claims.§ 63H-1-301
Authority board -- Delegation of power.§ 63H-1-302
Number of board members -- Appointment.