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Utah Code Title 63B. Bonds § 63B-10-109. Payment of interest, principal, and redemption premiums

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(a) Ownership interest of conservator.--A conservator appointed under section 5  1 shall be deemed to have an ownership interest in and legal control of the property for the purposes of filing plans with public agencies and boards, seeking and obtaining construction permits and other approvals and submitting applications for financing or other assistance to public or private entities.

(b) Liability of owner.--Notwithstanding the appointment of a conservator under section 5, nothing in this act shall be construed to relieve the owner of any civil or criminal liability or of any obligation to pay taxes, municipal liens and charges, mortgages, private liens or other fees or charges, whether incurred before or after the appointment of the conservator and no such liability shall transfer to the conservator.

(c) Limitation of conservator's environmental liability.--

(1) Notwithstanding any law to the contrary, the conservator shall not be held liable for any environmental damage to the building or the real property upon which the building is located that existed prior to the appointment by the court of the conservator.

(2) Paragraph (1) does not apply to the owner or any other person or entity regarding the building and its real property that is subject to an appointed conservator under this act.

Cite this article: - Utah Code Title 63B. Bonds § 63B-10-109. Payment of interest, principal, and redemption premiums - last updated May 05, 2022 |

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