Utah statute
Utah Code Ann. § 76-16-214 — Unlawful stock issuance.
Current through 2026 General Session
Part of Part 2: Corporation and Association Offenses, Utah Code.
Criminal charges under this statute
Full text of Utah Code Ann. § 76-16-214
Statutory text current through the 2026 General Session. This publication reproduces the official statutory text; it is not the official statutes of the State of Utah.
(1) Terms defined in Sections 76-1-101.5, 76-16-101, and 76-16-201 apply to this section. (2) An actor commits unlawful stock issuance if the actor: (2)(a) is: (2)(a)(i) a director, officer, agent, or member of a corporation or association; or (2)(a)(ii) a person who aids or abets a person described in Subsection (2)(a)(i); and (2)(b) issues fraudulent, fictitious, or illegal stock in the corporation or association, with the intent: (2)(b)(i) to injure or defraud: (2)(b)(i)(A) the corporation or association; (2)(b)(i)(B) any other company; (2)(b)(i)(C) a body politic; or (2)(b)(i)(D) an individual person; or (2)(b)(ii) to deceive: (2)(b)(ii)(A) an officer of the corporation or association; or (2)(b)(ii)(B) an agent appointed to examine the affairs of the corporation or association. (3) A violation of Subsection (2) is a third degree felony.
Official sources
Legal terms used in this section
Questions this section answers
Is unlawful stock issuance a felony or a misdemeanor in Utah?
Unlawful stock issuance is a Third Degree Felony in Utah under Utah Code Ann. § 76-16-214.
Which Utah statute covers unlawful stock issuance?
Unlawful stock issuance is governed by Utah Code Ann. § 76-16-214 (Unlawful stock issuance).
This reference is informational and is not legal advice.