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House Advances Major Overhaul of Utah Business Corporation Act; 66–5 Vote
Utah House of Representatives · February 18, 1992
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Summary
The House approved substitute H.B. 50, a comprehensive update of the Utah Business Corporation Act based on the ABA revised model act; the measure passed 66–5 and will be transmitted to the Senate.
The Utah House voted 66–5 to pass substitute House Bill 50, which would replace and modernize much of the state's Business Corporation Act. Representative Nancy S. Lyon, one of the sponsors, said the bill aligns Utah law with a revised model prepared by the American Bar Association and will help reduce…
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