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Utah · Through 2026 General Session

Utah Code § 48-4-402: Availability of annual benefit report.

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Where this section sits in the code
  1. Title 48 Unincorporated Business Entity Act
  2. Chapter 48-4 Benefit Limited Liability Company Act
  3. Part 48-4-4 Transparency

(1) Each year, a benefit company shall send the benefit report described in Section 48-4-401 to each member:

(a) within 120 days after the day on which the benefit company's fiscal year ends; or

(b) the day on which the benefit company delivers any other annual report to the benefit company's members.

(2)

(a) Within five days after the day on which a benefit company sends a benefit report to each member in accordance with Subsection (1), the benefit company shall:

(i) subject to Subsection (2)(b), post a copy of the benefit report on a public portion of the benefit company's website; and

(ii) deliver a copy of the benefit report to the division for filing.

(b) If a benefit company does not have a website, the benefit company shall provide a copy of the benefit report, without charge, to any person who requests a copy.

(c) The benefit company may omit any financial or proprietary information from a copy of a benefit report described in Subsection (2)(a) or (b).

(d) The division may charge a fee established by the division in accordance with Section 63J-1-504 for filing an annual benefit report in accordance with this section.

Collected 2026-09-03T11:34:33Z. Source file · JSON

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