Uniform Commercial Code Amendments

Summary

The bill changes Utah’s commercial code so that investors who hold rights to a financial asset are paid before a creditor of the securities firm, unless the creditor controls the asset. If a creditor does have control, the securities firm must give investors a clear written notice explaining the situation. The goal is to make the priority rules more transparent for investors.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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