No. 30254: R164-13. Definitions

DAR File No.: 30254
Filed: 07/30/2007, 02:19
Received by: NL

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Section 61-1-13 defines terms used in the Utah Uniform Securities Act. Subsection 61-1-13(2) provides that terms not defined in Section 61-1-13 shall have the meaning established by the division in rule, or in the absence of a rule, the meaning accepted in the business community. Section 61-1-24 allows the division to make rules when necessary to carry out the provisions of the Utah Uniform Securities Act.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

Rule R164-13 definitions serve to clarify key phrases used in the Utah Uniform Securities Act and assist the public in complying with the statute. The rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Commerce
Securities
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY UT 84111-2316

Direct questions regarding this rule to:

Benjamin N Johnson at the above address, by phone at 801-530-6134, by FAX at 801-530-6980, or by Internet E-mail at [e-mail]

Authorized by:

Wayne Klein, Director