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Code · Utah · Title 7 — Financial Institutions Act · Chapter 2

7-2-22. Termination of authority to transact business.

76 words·~1 min read·/ut/title-7/chapter-2/7-2-22

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7-2-22. Termination of authority to transact business.
If an institution or other person subject to the jurisdiction of the department is operated by a federal deposit insurance agency or its appointee pursuant to a federal receivership or conservatorship for a period of 180 days or more, the authority of that institution or person to transact business under this title shall terminate upon the expiration of the 180-day period.
Enacted by Chapter 229 , 1987 General Session
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