13-32-104 - Receipts and transaction records -- Retention of receipts and transaction records. - Utah Statutes

13-32-104. Receipts and transaction records -- Retention of receipts andtransaction records.
(1) Every vendor shall maintain receipts or a permanent record book for the acquisitionof new and unused property which shall contain:
(a) the date of the transaction on which the property was acquired;
(b) the name and address of the person from whom the property was acquired;
(c) an identification and description of the property acquired;
(d) the price paid for such property; and
(e) the signatures of the person selling the property and the vendor.
(2) The receipt or record for each transaction required by Subsection (1) shall bemaintained by the vendor for a period of not less than one year following the date of thetransaction.

Amended by Chapter 378, 2010 General Session