yourstate.us
Home / Utah / Business Entities
Utah Code § 16-13-9

Requirement before commencing business -- Cash consideration for shares -- Minimum stated capital

Utah · Utah Code Title 16 — Business Entities · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Utah Code § 16-13-9, Requirement before commencing business -- Cash consideration for shares -- Minimum stated capital, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328268
Permanent ID
ys:prov:2328268@1
SHA-256
332d8d6e940efbda9a8df1cc78d65bf738f06480f416c6e84b3335c664c6eb74

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

A development corporation incorporated after July 1, 1979, may not transact any business or incur any indebtedness, except as is incidental to its organization or to obtain subscriptions to or payment for its shares, until there has been paid in for the issuance of shares consideration in cash of at least $300,000. A development corporation shall have a stated capital of not less than $300,000.