Title 15 Contracts and Obligations in General Chapter 7 Registered Public Obligations Act Section 9 Transfer costs -- Agreements as to payment of costs.
15-7-9.Transfer costs -- Agreements as to payment of costs.
(1) An issuer, before or at original issuance of registered public obligations, may as part of
a system of registration provide that the transferor or transferee of the registered public
obligations pay all or a designated part of the costs of the system as a condition precedent to
transfer or that costs be paid out of proceeds of the registered public obligations, or that both
methods may be used. Any costs of the system not required to be paid by the transferor or
transferee or out of such proceeds is the liability of the issuer.
(2) The issuer may as a part of a system of registration provide for reimbursement or for
satisfaction of its liability by payment by others. The issuer may enter into agreements with others
respecting such reimbursement or payment, may establish fees and charges pursuant to such
agreements or otherwise, and may provide that the amount or estimated amount of such fees and
charges shall be reimbursed or paid from the same sources and with the same priority and effect
and subject to the same procedures as the obligations.
Enacted by Chapter 62, 1983 General Session
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