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Re: None

Saturday, 02/26/2005 12:16:43 PM

Saturday, February 26, 2005 12:16:43 PM

Post# of 19552
The statute administered by the Division, the Utah Uniform Securities
Act, contains prohibitions against fraud in connection with the offer or
sale of a security. The statute, however, does not directly regulate
corporate governance disputes or allegations of breach of fidicuary duty
to minority sharehoders--unless violations of the anti-fraud provisions
of section 61-1-1 can be shown.

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