Utah § 7-1-510 Examination of institutions -- Adoption of rules -- Requiring actions by institutions.

Utah Statutes

§ 7-1-510 — Examination of institutions -- Adoption of rules -- Requiring actions by institutions.

Utah § 7-1-510

Title 7Financial Institutions Act

Ch. 7-1General Provisions

Part 7-1-5Jurisdiction of Department

This text of Utah § 7-1-510 (Examination of institutions -- Adoption of rules -- Requiring actions by institutions.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 7-1-510 (2026).

Text

If the commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a financial institution, the commissioner may:

(1)examine the books and records of any financial institution holding company and require the company to furnish whatever reports that the commissioner considers appropriate to properly supervise the company's financial institution subsidiaries;

(2)adopt and issue rules consistent with the purposes and provisions of this title as they pertain to financial institution holding companies; and

(3)require a financial institution holding company to take any action the commissioner finds reasonable and necessary to protect the interests of depositors, other customers, and creditors of any subsidiary financial institution, to m

Free access — add to your briefcase to read the full text and ask questions with AI

If the commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a financial institution, the commissioner may:
(1) examine the books and records of any financial institution holding company and require the company to furnish whatever reports that the commissioner considers appropriate to properly supervise the company's financial institution subsidiaries;
(2) adopt and issue rules consistent with the purposes and provisions of this title as they pertain to financial institution holding companies; and
(3) require a financial institution holding company to take any action the commissioner finds reasonable and necessary to protect the interests of depositors, other customers, and creditors of any subsidiary financial institution, to maintain its solvency or to prevent its failure.