Utah Statutes
§ 76-16-205 — Fraudulent signing of a stock subscription or agreement.
Utah·Title 76 Utah Criminal Code·Ch. 76-16 Offenses Concerning Business Practices·Part 76-16-2 Corporation and Association Offenses
(1)Terms defined in Sections 76-1-101.5, 76-16-101, and 76-16-201 apply to this section.
(2)An actor commits fraudulent signing of a stock subscription or agreement if the actor:
(2)(a) signs the name of a fictitious person to a subscription for, or agreement to take, stock in a proposed or existing corporation; or
(2)(b) signs the name of any person to a subscription for, or agreement to take, stock in a proposed or existing corporation, knowing that the person has no means or does not intend in good faith to comply with all the terms of the subscription or agreement, or under any understanding or agreement that the terms of the subscription or agreement are not to be complied with or enforced.
(3)A violation of Subsection (2) is a class B misdemeanor.
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Legislative History
Renumbered and Amended by Chapter 173, 2025 General Session
Nearby Sections
15
§ 76-1-101
Short title.§ 76-1-101.5
Definitions.§ 76-1-101.6
Application of definitions to title.§ 76-1-102
Effective date.§ 76-1-104
Purposes and principles of construction.§ 76-1-105
Common law crimes abolished.§ 76-1-106
Strict construction rule not applicable.§ 76-1-108
Severability clause.§ 76-1-201
Jurisdiction of offenses.§ 76-1-202
Venue of actions.