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Bills / H.B. 543

H.B. 543 Uniform Commercial Code Amendments

Did not passWritten by Rep. Jason B. Kyle · carried in the Senate by Sen. John D. Johnson

  1. Introduced
  2. House committee
  3. House vote
  4. Senate committee (stopped here)
  5. Senate vote
  6. Signed into law

What this bill does

H.B. 543, in its substitute version, would require securities intermediaries to notify investors when the intermediary's interest in an investor's security entitlement takes priority over the investor's own claim. The bill would not change the priority rules themselves; it adds a disclosure requirement.

Plain-English summary written by AI from the sponsor’s presentation in committee and on the floor. Check the official text below.

Official description
  • provides that a securities intermediary shall provide a disclosure when a financial asset held by the securities intermediary is subject to certain conditions
Full text and history on le.utah.gov →
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Every vote

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