Utah Administrative Code
Topic - Money Management Council
Title R628 - Administration
Rule R628-17 - Limitations on Commercial Paper and Corporate Notes
Section R628-17-4 - Definitions

For the purpose of this rule:

Commercial paper means: an unsecured promissory note that matures on a specific date, and is issued by industrial, utility, and finance companies. The commercial paper must meet the criteria for investment as described in Subsection 51-7-11(3).

Corporate obligation means: A secured or unsecured note with original term to maturity ranging from nine months to thirty years that is issued by an industrial, utility, or finance company. The corporate obligation must meet the criteria for investment as described in Subsection 51-7-11(3).