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Utah Code Title 13. Commerce and Trade § 13-15-203. Disclosure statement furnished to purchaser--Additional nondeceptive information permitted

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A seller shall provide the disclosure statement described under Section 13-15-202 to a prospective purchaser at least 10 business days before the day on which the earlier of the following occurs:

(a) the prospective purchaser executes an agreement imposing a binding legal obligation on the prospective purchaser in connection with the seller's sale or proposed sale of a business opportunity; or

(b) the prospective purchaser makes a payment or provides consideration in connection with the seller's sale or proposed sale of a product or business opportunity.

(2) A seller may provide a prospective purchaser nondeceptive information apart from the disclosure statement described in Section 13-15-202, if the information does not contradict the information required in the disclosure statement.

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Cite this article: FindLaw.com - Utah Code Title 13. Commerce and Trade § 13-15-203. Disclosure statement furnished to purchaser--Additional nondeceptive information permitted - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-13-commerce-and-trade/ut-code-sect-13-15-203/

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