{"data":{"id":"us-ut/utah-code-31a-5-508","jurisdiction":"us-ut","citation":"Utah Code § 31A-5-508","heading":"Transfer of business or assets.","body":"(1) In the sale, lease, exchange, or mortgage of assets with or without shareholder action, and concerning the rights of dissenting shareholders in those transactions, Sections 16-10a-1201, 16-10a-1202, 16-10a-1320 through 16-10a-1328, 16-10a-1330, and 16-10a-1331 apply to stock corporations. In the sale, lease, exchange, or mortgage of assets, Section 16-6a-1201 applies to mutuals.\n(2) Chapter 16, Insurance Holding Companies, applies to:\n(a) the sale of a domestic insurer's assets or book of business, other than in the ordinary course of business; or\n(b) the insurer entering into contracts of reinsurance which have substantially the same effect as a merger.","path":["Title 31A Insurance Code","Chapter 31A-5 Domestic Stock and Mutual Insurance Corporations","Part 31A-5-5 Corporate Reorganization"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter5/31A-5-S508.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"e5bfb3c7cf104a3c86d7fa8225a420afafa17ba2f20f540b6ef51b69f6b918c3","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-5-507","next":"us-ut/utah-code-31a-5-509"},"notice":"GroundRules: Original legal text. Not legal advice."}