Utah Code Ann. tit. 63H, ch. 8, pt. 4 – Corporation Assets and Obligations | Midpage

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Utah Code

Part 4

Utah Code Ann. tit. 63H, ch. 8, pt. 4

Corporation Assets and Obligations

63H-8-401Corporation money -- Depositing and paying out -- Power to contract with holders of notes and bonds -- Money held in trust.63H-8-402State pledge to holders of notes or bonds.63H-8-403Notes, bonds, other obligations -- Not a debt liability -- Expenses payable from funds provided -- Corporation without authority to incur liability on behalf of state -- Relationship to Governmental Immunity Act of Utah.63H-8-404Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax.63H-8-405Corporation notes, bonds, obligations -- Legal investments.63H-8-406Annual report to governor and Legislature -- Contents -- Audits.63H-8-407Act not restriction on powers of corporation -- Construed as alternative -- Bonds, notes, obligations issued need not comply with other laws.63H-8-408Allocation to corporation of mortgage bonds qualified under Internal Revenue Code.63H-8-409Allocation of qualified mortgage bonds to counties, cities, and towns.63H-8-410Low-income housing tax credits.63H-8-411Asset disposition upon dissolution of corporation.