9.74.040 Concurrence by director in dividend or division of capital in violation of law.
This section is included in your selections.
Every director of any corporation issuing shares, except savings and loan or building and loan associations who concurs in any vote or act of the directors of the corporation or any of them, by which it is intended either:
A. To make any dividend except as permitted by the Utah Business Corporation Act; or
B. To divide, withdraw, or in any manner pay to the shareholders, or any of them, any part of the stated capital of the corporation except as permitted by the Utah Business Corporation Act is guilty of a class B misdemeanor. (Code 1975 § 13-1070-5)