(1) (a) For purposes of this section, "director" does not include a director of: (i) a savings and loan association; or (ii) a building and loan association. (b) Terms defined in Sections 76-1-101.5 , 76-16-101 , and 76-16-201 apply to this section. (2) An actor commits illegal concurrence by a director in a dividend or division of capital if the actor: (a) is a director of a stock corporation; and (b) concurs in a vote or act of one or more directors of the corporation, which vote or act is intended to either: (i) make a dividend except as permitted by Title 16, Chapter 10a, Utah Revised Business Corporation Act ; or (ii) divide, withdraw, or in any manner pay to one or more stockholders any part of the stated capital of the corporation except as permitted by Title 16, Chapter 10a, Utah Revised Business Corporation Act . (3) A violation of Subsection (2) is a class B misdemeanor. Renumbered and
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