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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 10-2-605

The consolidation plan must not override certain contract rights, must be open for public inspection and copying, may run up to 20 years (with some protections lasting longer if needed), and is effective only if voters…

Source excerpt

consolidation planspublic inspectionsecurities obligationsvoter approval
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

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“The consolidation plan must not override certain contract rights, must be open for public inspection and copying, may run up to 20 years (with some protections lasting longer if needed), and is effective only if voters approve the consolidation.”

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02

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03

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Effect of plan of consolidation.

The consolidation plan must not override certain contract rights, must be open for public inspection and copying, may run up to 20 years (with some protections lasting longer if needed), and is effective only if voters approve the consolidation.

Section 10-2-605

Subsection 10-2-605(2)

The plan shall be available to the public for inspection and copying.

Section 10-2-605(2)

Subsection 10-2-605(3)

The plan may extend for up to 20 years, but related protection provisions can last longer if needed to ensure payment of municipal securities or other obligations.

Section 10-2-605(3)

Subsection 10-2-605(5)

After the expiration of the period of the plan, the rights, duties and obligations stated in the plan shall be governed by the laws of the State of Utah and not by the plan.

Section 10-2-605(5)

Subsection 10-2-605(6)

The plan shall be effective only if the consolidation is approved by the voters of the respective municipalities to be consolidated.

Section 10-2-605(6)

04

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In force source record

Source record from le.utah.gov · Legal dates not recorded

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Showing 7 of 7 provisions

Provision 7

Part 10-2-6

part 10-2-6 Consolidation of Municipalities

§ 10-2-605Effect of plan of consolidation.Provision

Source excerpt

The consolidation plan must not override certain contract rights, must be open for public inspection and copying, may run up to 20 years (with some protections lasting longer if needed), and is effective only if voters approve the consolidation.

Effect of plan of consolidation. The plan of consolidation shall be subordinate in all respects to the contract rights of all holders of any securities or obligations of the municipality outstanding at the effective date of the consolidation. The plan shall be available to the public for inspection and copying. The plan may extend for a period of up to 20 years, except that those provisions necessary for the protection of the holders of any securities or other obligations of any municipalities being consolidated shall extend for such longer time as may be necessary to ensure the payment of the securities and obligations. Any person may enforce the provisions and terms of the plan during the period in which the plan is effective. After the expiration of the period of the plan, the rights, duties and obligations stated in the plan shall be governed by the laws of the State of Utah and not by the plan. The plan shall be effective only if the consolidation is approved by the voters of the respective municipalities to be consolidated.
Section 10-2-605Verify source
§ 10-2-605(1)Subsection 10-2-605(1)Provision

Source excerpt

The plan of consolidation must remain subordinate to the contract rights of holders of outstanding municipal securities or obligations.

The plan of consolidation shall be subordinate in all respects to the contract rights of all holders of any securities or obligations of the municipality outstanding at the effective date of the consolidation.
Section 10-2-605(1)Verify source
§ 10-2-605(2)Subsection 10-2-605(2)Provision

Source excerpt

The plan shall be available to the public for inspection and copying.

The plan shall be available to the public for inspection and copying.
Section 10-2-605(2)Verify source
§ 10-2-605(3)Subsection 10-2-605(3)Provision

Source excerpt

The plan may extend for up to 20 years, but related protection provisions can last longer if needed to ensure payment of municipal securities or other obligations.

The plan may extend for a period of up to 20 years, except that those provisions necessary for the protection of the holders of any securities or other obligations of any municipalities being consolidated shall extend for such longer time as may be necessary to ensure the payment of the securities and obligations.
Section 10-2-605(3)Verify source
§ 10-2-605(4)Subsection 10-2-605(4)Provision

Source excerpt

Any person may enforce the plan’s provisions and terms while the plan is effective.

Any person may enforce the provisions and terms of the plan during the period in which the plan is effective.
Section 10-2-605(4)Verify source
§ 10-2-605(5)Subsection 10-2-605(5)Provision

Source excerpt

After the expiration of the period of the plan, the rights, duties and obligations stated in the plan shall be governed by the laws of the State of Utah and not by the plan.

After the expiration of the period of the plan, the rights, duties and obligations stated in the plan shall be governed by the laws of the State of Utah and not by the plan.
Section 10-2-605(5)Verify source
§ 10-2-605(6)Subsection 10-2-605(6)Provision

Source excerpt

The plan shall be effective only if the consolidation is approved by the voters of the respective municipalities to be consolidated.

The plan shall be effective only if the consolidation is approved by the voters of the respective municipalities to be consolidated.
Section 10-2-605(6)Verify source

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