15-7-9 - Transfer costs -- Agreements as to payment of costs. - Utah Statutes

15-7-9. Transfer costs -- Agreements as to payment of costs.
(1) An issuer, before or at original issuance of registered public obligations, may as part ofa system of registration provide that the transferor or transferee of the registered publicobligations pay all or a designated part of the costs of the system as a condition precedent totransfer or that costs be paid out of proceeds of the registered public obligations, or that bothmethods may be used. Any costs of the system not required to be paid by the transferor ortransferee or out of such proceeds is the liability of the issuer.
(2) The issuer may as a part of a system of registration provide for reimbursement or forsatisfaction of its liability by payment by others. The issuer may enter into agreements with othersrespecting such reimbursement or payment, may establish fees and charges pursuant to suchagreements or otherwise, and may provide that the amount or estimated amount of such fees andcharges shall be reimbursed or paid from the same sources and with the same priority and effectand subject to the same procedures as the obligations.

Enacted by Chapter 62, 1983 General Session