State Codes and Statutes

Statutes > Utah > Title-15 > Chapter-07 > 15-7-2

15-7-2. Definitions.
As used in this chapter:
(1) "Authorized officer" means any individual required or permitted by any law or by theissuing public entity to execute on behalf of the public entity, a certificated registered publicobligation or a writing relating to an uncertificated registered public obligation.
(2) "Certificated registered public obligation" means a registered public obligation whichis represented by an instrument.
(3) "Code" means the Internal Revenue Code of 1954.
(4) "Facsimile seal" means the reproduction by engraving, imprinting, stamping, or othermeans of the seal of the issuer, official, or official body.
(5) "Facsimile signature" means the reproduction by engraving, imprinting, stamping, orother means of a manual signature.
(6) "Financial intermediary" means a bank, broker, clearing corporation or other person,or the nominee of any of them, which in the ordinary course of its business maintains registeredpublic obligation accounts for its customers.
(7) "Issuer" means a public entity which issues an obligation.
(8) "Obligation" means an agreement by a public entity to pay principal and any intereston the obligation, whether in the form of a contract to repay borrowed money, a lease, aninstallment purchase agreement, or otherwise, and includes a share, participation, or otherinterest in any such agreement.
(9) "Official actions" means the actions by statute, order, ordinance, resolution, contract,or other authorized means by which the issuer provides for issuance of a registered publicobligation.
(10) "Official" or "official body" means the person or group of persons that isempowered to provide for the original issuance of an obligation of the issuer, by defining theobligation and its terms, conditions, and other incidents, or to perform duties with respect to aregistered public obligation and any successor of such person or group of persons.
(11) "Public entity" means any entity, department, or agency which is empowered underthe laws of one or more states, territories, possessions of the United States or the District ofColumbia, including this state, to issue obligations any interest with respect to which may, underany provision of law, be provided an exemption from the income tax referred to in the Code. Theterm "public entity" includes, without limitation, this state, an entity deriving powers from andacting pursuant to a state constitution or legislative act, a county, city, town, a municipalcorporation, a quasi-municipal corporation, a state university or college, a school district, aspecial service district, a local district, a separate legal or administrative entity created under theInterlocal Cooperation Act or other joint agreement entity, a community development andrenewal agency, any other political subdivision, a public authority or public agency, a publictrust, a nonprofit corporation, or other organizations.
(12) "Registered public obligation" means an obligation issued by a public entity whichis issued pursuant to a system of registration.
(13) "System of registration" and its variants means a plan that provides:
(a) with respect to a certificated registered public obligation, that:
(i) the certificated registered public obligation specifies a person entitled to the registeredpublic obligation and the rights it represents; and
(ii) transfer of the certificated registered public obligation and the rights it represents may

be registered upon books maintained for that purpose by or on behalf of the issuer; and
(b) with respect to an uncertificated registered public obligation, that:
(i) books maintained by or on behalf of the issuer for the purpose of registration of thetransfer of a registered public obligation specify a person entitled to the registered publicobligation and the rights evidenced by it; and
(ii) transfer of the uncertificated registered public obligation and the rights evidenced byit be registered upon such books.
(14) "Uncertificated registered public obligation" means a registered public obligationwhich is not represented by an instrument.

Amended by Chapter 329, 2007 General Session

State Codes and Statutes

Statutes > Utah > Title-15 > Chapter-07 > 15-7-2

15-7-2. Definitions.
As used in this chapter:
(1) "Authorized officer" means any individual required or permitted by any law or by theissuing public entity to execute on behalf of the public entity, a certificated registered publicobligation or a writing relating to an uncertificated registered public obligation.
(2) "Certificated registered public obligation" means a registered public obligation whichis represented by an instrument.
(3) "Code" means the Internal Revenue Code of 1954.
(4) "Facsimile seal" means the reproduction by engraving, imprinting, stamping, or othermeans of the seal of the issuer, official, or official body.
(5) "Facsimile signature" means the reproduction by engraving, imprinting, stamping, orother means of a manual signature.
(6) "Financial intermediary" means a bank, broker, clearing corporation or other person,or the nominee of any of them, which in the ordinary course of its business maintains registeredpublic obligation accounts for its customers.
(7) "Issuer" means a public entity which issues an obligation.
(8) "Obligation" means an agreement by a public entity to pay principal and any intereston the obligation, whether in the form of a contract to repay borrowed money, a lease, aninstallment purchase agreement, or otherwise, and includes a share, participation, or otherinterest in any such agreement.
(9) "Official actions" means the actions by statute, order, ordinance, resolution, contract,or other authorized means by which the issuer provides for issuance of a registered publicobligation.
(10) "Official" or "official body" means the person or group of persons that isempowered to provide for the original issuance of an obligation of the issuer, by defining theobligation and its terms, conditions, and other incidents, or to perform duties with respect to aregistered public obligation and any successor of such person or group of persons.
(11) "Public entity" means any entity, department, or agency which is empowered underthe laws of one or more states, territories, possessions of the United States or the District ofColumbia, including this state, to issue obligations any interest with respect to which may, underany provision of law, be provided an exemption from the income tax referred to in the Code. Theterm "public entity" includes, without limitation, this state, an entity deriving powers from andacting pursuant to a state constitution or legislative act, a county, city, town, a municipalcorporation, a quasi-municipal corporation, a state university or college, a school district, aspecial service district, a local district, a separate legal or administrative entity created under theInterlocal Cooperation Act or other joint agreement entity, a community development andrenewal agency, any other political subdivision, a public authority or public agency, a publictrust, a nonprofit corporation, or other organizations.
(12) "Registered public obligation" means an obligation issued by a public entity whichis issued pursuant to a system of registration.
(13) "System of registration" and its variants means a plan that provides:
(a) with respect to a certificated registered public obligation, that:
(i) the certificated registered public obligation specifies a person entitled to the registeredpublic obligation and the rights it represents; and
(ii) transfer of the certificated registered public obligation and the rights it represents may

be registered upon books maintained for that purpose by or on behalf of the issuer; and
(b) with respect to an uncertificated registered public obligation, that:
(i) books maintained by or on behalf of the issuer for the purpose of registration of thetransfer of a registered public obligation specify a person entitled to the registered publicobligation and the rights evidenced by it; and
(ii) transfer of the uncertificated registered public obligation and the rights evidenced byit be registered upon such books.
(14) "Uncertificated registered public obligation" means a registered public obligationwhich is not represented by an instrument.

Amended by Chapter 329, 2007 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-15 > Chapter-07 > 15-7-2

15-7-2. Definitions.
As used in this chapter:
(1) "Authorized officer" means any individual required or permitted by any law or by theissuing public entity to execute on behalf of the public entity, a certificated registered publicobligation or a writing relating to an uncertificated registered public obligation.
(2) "Certificated registered public obligation" means a registered public obligation whichis represented by an instrument.
(3) "Code" means the Internal Revenue Code of 1954.
(4) "Facsimile seal" means the reproduction by engraving, imprinting, stamping, or othermeans of the seal of the issuer, official, or official body.
(5) "Facsimile signature" means the reproduction by engraving, imprinting, stamping, orother means of a manual signature.
(6) "Financial intermediary" means a bank, broker, clearing corporation or other person,or the nominee of any of them, which in the ordinary course of its business maintains registeredpublic obligation accounts for its customers.
(7) "Issuer" means a public entity which issues an obligation.
(8) "Obligation" means an agreement by a public entity to pay principal and any intereston the obligation, whether in the form of a contract to repay borrowed money, a lease, aninstallment purchase agreement, or otherwise, and includes a share, participation, or otherinterest in any such agreement.
(9) "Official actions" means the actions by statute, order, ordinance, resolution, contract,or other authorized means by which the issuer provides for issuance of a registered publicobligation.
(10) "Official" or "official body" means the person or group of persons that isempowered to provide for the original issuance of an obligation of the issuer, by defining theobligation and its terms, conditions, and other incidents, or to perform duties with respect to aregistered public obligation and any successor of such person or group of persons.
(11) "Public entity" means any entity, department, or agency which is empowered underthe laws of one or more states, territories, possessions of the United States or the District ofColumbia, including this state, to issue obligations any interest with respect to which may, underany provision of law, be provided an exemption from the income tax referred to in the Code. Theterm "public entity" includes, without limitation, this state, an entity deriving powers from andacting pursuant to a state constitution or legislative act, a county, city, town, a municipalcorporation, a quasi-municipal corporation, a state university or college, a school district, aspecial service district, a local district, a separate legal or administrative entity created under theInterlocal Cooperation Act or other joint agreement entity, a community development andrenewal agency, any other political subdivision, a public authority or public agency, a publictrust, a nonprofit corporation, or other organizations.
(12) "Registered public obligation" means an obligation issued by a public entity whichis issued pursuant to a system of registration.
(13) "System of registration" and its variants means a plan that provides:
(a) with respect to a certificated registered public obligation, that:
(i) the certificated registered public obligation specifies a person entitled to the registeredpublic obligation and the rights it represents; and
(ii) transfer of the certificated registered public obligation and the rights it represents may

be registered upon books maintained for that purpose by or on behalf of the issuer; and
(b) with respect to an uncertificated registered public obligation, that:
(i) books maintained by or on behalf of the issuer for the purpose of registration of thetransfer of a registered public obligation specify a person entitled to the registered publicobligation and the rights evidenced by it; and
(ii) transfer of the uncertificated registered public obligation and the rights evidenced byit be registered upon such books.
(14) "Uncertificated registered public obligation" means a registered public obligationwhich is not represented by an instrument.

Amended by Chapter 329, 2007 General Session