Current through the 2024 Fourth Special Session
Section 67-4a-702 - Disposal of securities(1) The administrator may not sell or otherwise liquidate a security until three years after the administrator receives the security and gives the apparent owner notice under Section 67-4a-503 that the administrator holds the security.(2) The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale.(3) The administrator may sell a security not listed on an established exchange by any commercially reasonable method.Repealed and reenacted by Chapter 371, 2017 General Session ,§ 44, eff. 5/9/2017.Enacted by Chapter 198, 1995 General Session