§ 31A-5-101. Definitions.

Latest version.

In this chapter, unless the context requires otherwise:

(1)

The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations:

(a)	"affiliate";

(b)	"mail"; and

(c)

"notice."

(2)

The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals:

(a)	"articles of incorporation";

(b)	"bylaws"; and

(c)

"member."

(3)	"Promoter securities" are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.

Amended by Chapter 386, 2009 General Session

                    
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