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Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-507. Division authority to act upon receipt of petition

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

(1) When the division is served a petition under Section 61-2f-506, the division may:

(a) file an answer to the petition in the court;

(b) initiate a review proceeding conducted by the division; or

(c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.

(2) The division may settle a claim against the fund if:

(a) the person who brings the claim requests a settlement; and

(b) the court in which the petition is filed approves the settlement.

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Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-507. Division authority to act upon receipt of petition - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2f-507/

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