Section 706 - Validation of prior guaranty fund or reserve fund proceedings.

UT Code § 11-42-706 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) Subject to Subsection (2), all proceedings before April 30, 2007 related to the creation, maintenance, and use of a guaranty fund or reserve fund are validated, ratified, and confirmed.

(2) Nothing in this section may be construed to affect the validity of a guaranty fund or reserve fund whose legality is being contested on April 30, 2007.