(1) The definitions of the following terms applicable to the Utah Revised Business Corporation Act in Section 16-10a-102 apply to stock corporations: (a) "affiliate"; (b) "mail"; and (c) "notice."
(a) "affiliate";
(b) "mail"; and
(c) "notice."
(2) The definitions to the following terms applicable to nonprofit corporations in Section 16-6a-102 apply to mutuals: (a) "articles of incorporation"; (b) "bylaws"; and (c) "member."
(a) "articles of incorporation";
(b) "bylaws"; and
(c) "member."
(3) "Promoter securities" are securities issued by a stock insurer to the incorporators, directors, officers, or their families or nominees at any time prior to, and up to one year following, the issuance of a certificate of authority to the stock insurer.
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