§ 63M-1-1219. Transfer and registration of certificates.

Latest version.

(1)	A certificate and the related contingent tax credit may be transferred by the designated investor.

(2)

The board, in conjunction with the State Tax Commission, shall develop:

(a)	a system for registration of any certificate and related contingent tax credit issued or transferred under this part; and

(b)

a system that permits verification that:

(i)	any contingent tax credit claimed is valid; and

(ii)	any transfers of the certificate and related contingent tax credit are made in accordance with the requirements of this part.

(3)	A certificate or contingent tax credit issued or transferred under this part may not be considered a security under Title 61, Chapter 1, Utah Uniform Securities Act.

Renumbered and Amended by Chapter 382, 2008 General Session

                    
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