7-3-18. Real estate acquisition, holding, and conveyance.
64 words·~1 min read·
/ut/title-7/chapter-3/7-3-18A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
7-3-18. Real estate acquisition, holding, and conveyance.
A bank may purchase, hold, and convey real estate, other than bank premises, only for those purposes and in a manner prescribed by commissioner by regulation. Such regulations may not be more restrictive than the laws and regulations applicable to acquisition and holding of real estate by national banks.
Amended by Chapter 8 , 1983 General Session