15-7-12 - Obligations subject to chapter. - Utah Statutes

15-7-12. Obligations subject to chapter.
(1) Unless the official or official body of the issuer determines otherwise before or at thetime of the original issuance of a registered public obligation, this act is applicable to suchregistered public obligation. When this act is applicable, the provisions of this act prevail overany inconsistent provision under any other law. Pursuant to Section 11-14-401, this act isspecifically made applicable to registered public obligations issued under Title 11, Chapter 14,Local Government Bonding Act, in accordance with Section 11-14-305.
(2) Nothing in this act limits or prevents the issuance of obligations in any other form ormanner authorized by law.
(3) Unless determined otherwise pursuant to Subsection (1), this act is applicable withrespect to obligations which have been approved before enactment of this act by vote,referendum, or hearing, which authorized or permitted the authorization of obligations in bearerand registered form, or in bearer form only, and such obligations need not be resubmitted for afurther vote, referendum or hearing, for the purpose of authorizing or permitting the authorizationof registered public obligations under this act.

Amended by Chapter 105, 2005 General Session