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·Title 7 Financial Institutions Act·Ch. 7-1 General Provisions·Part 7-1-5 Jurisdiction of Department

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

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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.

Utah § 7-1-510 (Examination of institutions -- Adoption of rules -- Requiring actions by institutions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.