7-1-208.1. Supervisor of holding companies -- Qualifications -- Responsibilities.
150 words·~1 min read·
/ut/title-7/chapter-1/7-1-208-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/9/2017
7-1-208.1. Supervisor of holding companies -- Qualifications -- Responsibilities.
(1)The commissioner may designate an examiner as supervisor of holding companies who shall be a citizen of the United States and shall have sufficient training and experience with regard to holding companies to demonstrate the examiner's qualifications and fitness to perform the duties of the supervisor of holding companies.
(2)The supervisor of holding companies is responsible, subject to the direction and control of the commissioner, for the general supervision and examination of all holding companies subject to the jurisdiction of the department under this title. The supervisor of holding companies shall assist and advise the commissioner in the execution of the laws of this state relating to holding companies and shall perform other duties prescribed in this title or assigned to the supervisor of holding companies by the commissioner.
Amended by Chapter 169 , 2017 General Session