Utah § 76-16-214 Unlawful stock issuance.

Utah Statutes

§ 76-16-214 — Unlawful stock issuance.

Utah § 76-16-214

Title 76Utah Criminal Code

Ch. 76-16Offenses Concerning Business Practices

Part 76-16-2Corporation and Association Offenses

This text of Utah § 76-16-214 (Unlawful stock issuance.) 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. § 76-16-214 (2026).

Text

(1)Terms defined in Sections 76-1-101.5, 76-16-101, and 76-16-201 apply to this section.

(2)An actor commits unlawful stock issuance if the actor:

(2)(a) is:

(2)(a)(i) a director, officer, agent, or member of a corporation or association; or

(2)(a)(ii) a person who aids or abets a person described in Subsection (2)(a)(i); and

(2)(b) issues fraudulent, fictitious, or illegal stock in the corporation or association, with the intent:

(2)(b)(i) to injure or defraud:

(2)(b)(i)(A) the corporation or association;

(2)(b)(i)(B) any other company;

(2)(b)(i)(C) a body politic; or

(2)(b)(i)(D) an individual person; or

(2)(b)(ii) to deceive:

(2)(b)(ii)(A) an officer of the corporation or association; or

(2)(b)(ii)(B) an agent appointed to examine the affairs of the corporation or association.

(3)A

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(1) Terms defined in Sections 76-1-101.5, 76-16-101, and 76-16-201 apply to this section.
(2) An actor commits unlawful stock issuance if the actor:
(2)(a) is:
(2)(a)(i) a director, officer, agent, or member of a corporation or association; or
(2)(a)(ii) a person who aids or abets a person described in Subsection (2)(a)(i); and
(2)(b) issues fraudulent, fictitious, or illegal stock in the corporation or association, with the intent:
(2)(b)(i) to injure or defraud:
(2)(b)(i)(A) the corporation or association;
(2)(b)(i)(B) any other company;
(2)(b)(i)(C) a body politic; or
(2)(b)(i)(D) an individual person; or
(2)(b)(ii) to deceive:
(2)(b)(ii)(A) an officer of the corporation or association; or
(2)(b)(ii)(B) an agent appointed to examine the affairs of the corporation or association.
(3) A violation of Subsection (2) is a third degree felony.