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61-1-14(2)(t) – Judicially Approved Reorganization Exemption call the Division at (801) 530-6600

Exemption:

(2) The following transactions are exempted from Sections 61-1-7 and 61-1-15:

* * *

(t) a transaction incident to a judicially approved reorganization in which a security is issued:

(i) in exchange for one or more outstanding securities, claims, or property interests; or

(ii) partly for cash and partly in exchange for one or more outstanding securities, claims, or property interests;