Utah Code § 7-2-22

Current through the 2024 Fourth Special Session
Section 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.

Utah Code § 7-2-22

Enacted by Chapter 229, 1987 General Session