Utah § 67-4a-702 Disposal of securities.

Utah Statutes

§ 67-4a-702 — Disposal of securities.

Utah § 67-4a-702

Title 67State Officers and Employees

Ch. 67-4aRevised Uniform Unclaimed Property Act

Part 67-4a-7Sale of Property by Administrator

This text of Utah § 67-4a-702 (Disposal of securities.) 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. § 67-4a-702 (2026).

Text

(1)The administrator may not sell or otherwise liquidate a security until three years after the administrator receives the security and gives the apparent owner notice under Section 67-4a-503 that the administrator holds the security.

(2)The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale.

(3)The administrator may sell a security not listed on an established exchange by any commercially reasonable method.

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(1) The administrator may not sell or otherwise liquidate a security until three years after the administrator receives the security and gives the apparent owner notice under Section 67-4a-503 that the administrator holds the security.
(2) The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale.
(3) The administrator may sell a security not listed on an established exchange by any commercially reasonable method.