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

Utah Statutes

§ 67-4a-702 — Disposal of securities.

Utah·Title 67 State Officers and Employees·Ch. 67-4a Revised Uniform Unclaimed Property Act·Part 67-4a-7 Sale of Property by Administrator

(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.

Utah § 67-4a-702 (Disposal of securities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.