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UT HB0171

UT HB0171
Securities Exemptions Amendments


summary

Introduced
01/24/2017
In Committee
03/07/2017
Crossed Over
03/02/2017
Passed
Dead
03/18/2017

Introduced Session

2017 General Session

Bill Summary

Securities Exemptions Amendments

AI Summary

This bill amends Section 61-1-14 of Utah's Securities Act to add a new exemption for certain intrastate offerings of securities by businesses authorized to operate in Utah and with their principal place of business in the state. The new exemption allows such issuers to offer and sell securities to Utah residents without registering the securities, subject to various requirements and limitations, such as caps on total offering amount, limits on individual investment amounts, and specified disclosure obligations. The bill also makes other minor technical changes to existing exemptions.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

House/ filed in House file for bills not passed (on 03/09/2017)

bill text


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