Utah Admin. Code R590-70-17 - Disclaimers and Termination of Registration

(1) A disclaimer of affiliation or a request for termination of registration claiming that a person does not control any other person, or that a person will not control any other person upon the taking of some proposed action, hereinafter the "other person" referred to as the 'subject", shall contain the following information:
(a) the number of the subject's authorized, issued, and outstanding voting securities ;
(b) regarding the person denying control and the person's affiliates:
(i) the number and percentage of the subject's shares of voting securities that are held of record or known to be beneficially owned;
(ii) the number of the subject's shares held of record or beneficially owned in which there is a right to acquire, directly or indirectly; and
(iii) information regarding all transactions in any voting securities of the subject effected by the person denying control or the person's affiliates during the past six months .
(c) all material relationships and bases for affiliation between the subject and the person denying control and the person's affiliates ; and
(d) a statement explaining why the person denying control does not control the subject.
(2) A request for termination of registration shall be granted unless the commissioner notifies the registrant that the request is denied within 30 days after receipt of the request.

Notes

Utah Admin. Code R590-70-17
Adopted by Utah State Bulletin Number 2017-3, effective 1/10/2017 Amended by Utah State Bulletin Number 2021-21, effective 10/25/2021

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