11-42-706 - Validation of prior guaranty fund or reserve fund proceedings.
11-42-706. Validation of prior guaranty fund or reserve fund proceedings.
(1) Subject to Subsection (2), all proceedings before April 30, 2007 related to thecreation, maintenance, and use of a guaranty fund or reserve fund are validated, ratified, andconfirmed.
(2) Nothing in this section may be construed to affect the validity of a guaranty fund orreserve fund whose legality is being contested on April 30, 2007.
(1) Subject to Subsection (2), all proceedings before April 30, 2007 related to thecreation, maintenance, and use of a guaranty fund or reserve fund are validated, ratified, andconfirmed.
(2) Nothing in this section may be construed to affect the validity of a guaranty fund orreserve fund whose legality is being contested on April 30, 2007.
Enacted by Chapter 329, 2007 General Session