United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-1-104

Exemptions from application of title. This title does not apply to: investment companies registered under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq.; securities brokers and d…

Source excerpt

SEC registrationassets under managementbroker-dealerschapter headingdepository institutionsdepositsexemptionsinsurance companiesinsurance regulationinvestment adviserinvestment advisersinvestment advisers registrationinvestment companiesinvestment company interestsinvestment company registrationregistrationsecurities brokers and dealerssecurities registrationseparate accountstatutory title

Jurisdiction: United States — Utah
Status: In force
Dates: Legal dates not recorded

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“Exemptions from application of title. This title does not apply to: investment companies registered under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq.; securities brokers and dealers registered pursuant to: Title 61,”

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Exemptions from application of title.

Section 7-1-104

Subsection 7-1-104(1)(b)(i)

This text identifies Title 61, Chapter 1, the Utah Uniform Securities Act.

Section 7-1-104(1)(b)(i)

Subsection 7-1-104(1)(c)(i)

the purchase and redemption of investment company shares; or

Section 7-1-104(1)(c)(i)

Subsection 7-1-104(2)(a)

An institution, organization, or person is not exempt from this title if it holds itself out within this state as receiving and holding deposits from state residents.

Section 7-1-104(2)(a)

Subsection 7-1-104(2)(b)(ii)

Refers to advising investment companies and other accounts with a combined value of at least $50,000,000.

Section 7-1-104(2)(b)(ii)

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Showing 15 of 15 provisions

Provision 15

Part 7-1-1

part 7-1-1 Citation, Purposes, Definitions, and Application

§ 7-1-104Exemptions from application of title.Provision

Source excerpt

Exemptions from application of title. This title does not apply to: investment companies registered under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq.; securities brokers and dealers registered pursuant to: Title 61, Chapter 1, Utah Uniform Securities Act ; or the federal Securities Exchange Act of 1934, 15 U.S.C. Sec. 78a et seq.; depository or other institutions performing transaction account services, including third party transactions, in connection with: the purchase and redemption of investment company shares; or access to a margin or cash securities account maintained by a person identified in Subsection (1)(b) ; or insurance companies selling interests in an investment company or "separate account" and subject to regulation by the Utah Insurance Department. An institution, organization, or person is not exempt from this title if, within this state, it holds itself out to the public as receiving and holding deposits from residents of this state, whether evidenced by a certificate, promissory note, or otherwise. An investment company is not exempt from this title unless the investment company is registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq., and is advised by an investment adviser: which is registered with the United States Securities and Exchange Commission under the Investment Advisers Act of 1940, 15 U.S.C. Sec. 80b-1 et seq.; and which advises investment companies and other accounts with a combined value of at least $50,000,000.

Section 7-1-104Verify source

§ 7-1-104(1)Subsection 7-1-104(1)Provision

Source excerpt

This title does not apply to several listed financial institutions and activities.

This title does not apply to: investment companies registered under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq.; securities brokers and dealers registered pursuant to: Title 61, Chapter 1, Utah Uniform Securities Act ; or the federal Securities Exchange Act of 1934, 15 U.S.C. Sec. 78a et seq.; depository or other institutions performing transaction account services, including third party transactions, in connection with: the purchase and redemption of investment company shares; or access to a margin or cash securities account maintained by a person identified in Subsection (1)(b) ; or insurance companies selling interests in an investment company or "separate account" and subject to regulation by the Utah Insurance Department.

Section 7-1-104(1)Verify source

§ 7-1-104(1)(a)Subsection 7-1-104(1)(a)Provision

Source excerpt

This text identifies investment companies registered under the Investment Company Act of 1940.

investment companies registered under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq.;

Section 7-1-104(1)(a)Verify source

§ 7-1-104(1)(b)Subsection 7-1-104(1)(b)Provision

Source excerpt

securities brokers and dealers registered pursuant to: Title 61, Chapter 1, Utah Uniform Securities Act ; or the federal Securities Exchange Act of 1934, 15 U.S.C. Sec. 78a et seq.;

Section 7-1-104(1)(b)Verify source

§ 7-1-104(1)(b)(i)Subsection 7-1-104(1)(b)(i)Provision

Source excerpt

This text identifies Title 61, Chapter 1, the Utah Uniform Securities Act.

Title 61, Chapter 1, Utah Uniform Securities Act ; or

Section 7-1-104(1)(b)(i)Verify source

§ 7-1-104(1)(b)(ii)Subsection 7-1-104(1)(b)(ii)Provision

Source excerpt

This provision cites the federal Securities Exchange Act of 1934, 15 U.S.C. Sec. 78a et seq.

the federal Securities Exchange Act of 1934, 15 U.S.C. Sec. 78a et seq.;

Section 7-1-104(1)(b)(ii)Verify source

§ 7-1-104(1)(c)Subsection 7-1-104(1)(c)Provision

Source excerpt

depository or other institutions performing transaction account services, including third party transactions, in connection with: the purchase and redemption of investment company shares; or access to a margin or cash securities account

Section 7-1-104(1)(c)Verify source

§ 7-1-104(1)(c)(i)Subsection 7-1-104(1)(c)(i)Provision

Source excerpt

the purchase and redemption of investment company shares; or

Section 7-1-104(1)(c)(i)Verify source

§ 7-1-104(1)(c)(ii)Subsection 7-1-104(1)(c)(ii)Provision

Source excerpt

access to a margin or cash securities account maintained by a person identified in Subsection (1)(b) ; or

Section 7-1-104(1)(c)(ii)Verify source

§ 7-1-104(1)(d)Subsection 7-1-104(1)(d)Provision

Source excerpt

Insurance companies selling interests in an investment company or separate account are subject to regulation by the Utah Insurance Department.

insurance companies selling interests in an investment company or "separate account" and subject to regulation by the Utah Insurance Department.

Section 7-1-104(1)(d)Verify source

§ 7-1-104(2)Subsection 7-1-104(2)Provision

Source excerpt

Certain entities are not exempt from this title if they hold themselves out as receiving deposits from state residents; an investment company is also not exempt unless it meets SEC registration and adviser requirements.

An institution, organization, or person is not exempt from this title if, within this state, it holds itself out to the public as receiving and holding deposits from residents of this state, whether evidenced by a certificate, promissory note, or otherwise. An investment company is not exempt from this title unless the investment company is registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq., and is advised by an investment adviser: which is registered with the United States Securities and Exchange Commission under the Investment Advisers Act of 1940, 15 U.S.C. Sec. 80b-1 et seq.; and which advises investment companies and other accounts with a combined value of at least $50,000,000.

Section 7-1-104(2)Verify source

§ 7-1-104(2)(a)Subsection 7-1-104(2)(a)Provision

Source excerpt

An institution, organization, or person is not exempt from this title if it holds itself out within this state as receiving and holding deposits from state residents.

Section 7-1-104(2)(a)Verify source

§ 7-1-104(2)(b)Subsection 7-1-104(2)(b)Provision

Source excerpt

An investment company is not exempt from this title unless the investment company is registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940, 15 U.S.C. Sec. 80a-1 et seq., and is advised by an investment adviser: which is registered with the United States Securities and Exchange Commission under the Investment Advisers Act of 1940, 15 U.S.C. Sec. 80b-1 et seq.; and which advises investment companies and other accounts with a combined value of at least $50,000,000.

Section 7-1-104(2)(b)Verify source

§ 7-1-104(2)(b)(i)Subsection 7-1-104(2)(b)(i)Provision

Source excerpt

which is registered with the United States Securities and Exchange Commission under the Investment Advisers Act of 1940, 15 U.S.C. Sec. 80b-1 et seq.; and

Section 7-1-104(2)(b)(i)Verify source

§ 7-1-104(2)(b)(ii)Subsection 7-1-104(2)(b)(ii)Provision

Source excerpt

Refers to advising investment companies and other accounts with a combined value of at least $50,000,000.

which advises investment companies and other accounts with a combined value of at least $50,000,000.

Section 7-1-104(2)(b)(ii)Verify source

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Utah Code § 7-1-104

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