57-19-26 - Exemptions. - Utah Statutes

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57-19-26. Exemptions.
(1) Unless entered into for the purpose of evading the provisions of this chapter, thefollowing transactions are exempt from registration:
(a) isolated transactions by an owner of an interest in a project or by a person holdingsuch an owner's executed power of attorney;
(b) an offer or sale by a governmental entity; and
(c) a bona fide pledge of interest in a project.
(2) The director may, by rule or order, exempt any person from any or all requirements ofthis chapter if the director finds that the offering of an interest in a project is essentiallynoncommercial. For purposes of this subsection, the offering of fewer than 10 interests in aproject is considered essentially noncommercial.

Enacted by Chapter 73, 1987 General Session

State Codes and Statutes

Statutes > Utah > Title-57 > Chapter-19 > 57-19-26

57-19-26. Exemptions.
(1) Unless entered into for the purpose of evading the provisions of this chapter, thefollowing transactions are exempt from registration:
(a) isolated transactions by an owner of an interest in a project or by a person holdingsuch an owner's executed power of attorney;
(b) an offer or sale by a governmental entity; and
(c) a bona fide pledge of interest in a project.
(2) The director may, by rule or order, exempt any person from any or all requirements ofthis chapter if the director finds that the offering of an interest in a project is essentiallynoncommercial. For purposes of this subsection, the offering of fewer than 10 interests in aproject is considered essentially noncommercial.

Enacted by Chapter 73, 1987 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-57 > Chapter-19 > 57-19-26

57-19-26. Exemptions.
(1) Unless entered into for the purpose of evading the provisions of this chapter, thefollowing transactions are exempt from registration:
(a) isolated transactions by an owner of an interest in a project or by a person holdingsuch an owner's executed power of attorney;
(b) an offer or sale by a governmental entity; and
(c) a bona fide pledge of interest in a project.
(2) The director may, by rule or order, exempt any person from any or all requirements ofthis chapter if the director finds that the offering of an interest in a project is essentiallynoncommercial. For purposes of this subsection, the offering of fewer than 10 interests in aproject is considered essentially noncommercial.

Enacted by Chapter 73, 1987 General Session