Utah Code § 57-29-305: Voidable agreements.
Where this section sits in the code
- Title 57 Real Estate
- Chapter 57-29 Undivided Fractionalized Long-term Estate Sales Practices Act
- Part 57-29-3 Investigation and Enforcement
(1)
(a) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement.
(b) A purchaser may rescind an agreement under this Subsection (1) at any time before the closing.
(2) A purchaser who rescinds an agreement in accordance with Subsection (1) is entitled to all the consideration that the purchaser gave under the rescinded agreement.
(3) In an action to enforce a purchaser's right of rescission under Subsection (1), the court shall award costs and reasonable attorney fees to the prevailing party.
Collected 2026-09-03T11:34:33Z. Source file · JSON