Section 7. Limitation on Alienation of Franchise

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Limitation on Alienation of Franchise

Summary: Repeal

Election Date: November 3, 1992

Votes For Ratification: 482619

Votes Against Ratification: 199716

Percent for Ratification: 71%

Percent Against Ratification: 29%

Notes: Repealed Section

Amendment Source: 1992 SJR 7

Effective Date Source: https://vote.utah.gov/wp-content/uploads/sites/42/2023/09/1992Gen.pdf

Limitation on Alienation of Franchise

No corporation shall lease or alienate any franchise, so as to relieve the franchise or property held thereafter from the liabilities of the lessor, or grantor, lessee or grantee, contracted or incurred in operation, use or enjoyment of such franchise or any of its privileges.

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