Utah Statutes
§ 7-18a-203 — No concurrent maintenance of agencies or branches.
Utah·Title 7 Financial Institutions Act·Ch. 7-18a Utah Foreign Depository Institutions Act·Part 7-18a-2 Authorization Required to Conduct Business
(1)A foreign depository institution authorized under this chapter to transact business through an agency or branch may not concurrently transact business in this state through an agency or branch authorized under federal law.
(2)A foreign depository institution authorized under federal law to transact business through an agency or branch in this state may not concurrently transact business through an agency or branch authorized under this chapter.
(3)A foreign depository institution authorized to transact business through an agency may not concurrently transact business through a branch in this state.
(4)A foreign depository institution authorized to transact business through a branch may not concurrently transact business through an agency in this state.
(5)Subsections (1) through (4
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Legislative History
Enacted by Chapter 63, 1996 General Session
Nearby Sections
15
§ 7-1-1001
Definitions -- Written consent or court order for disclosure by financial institution -- Exception.§ 7-1-1005
Admissibility of information restricted.§ 7-1-1007
Liability of financial institutions.§ 7-1-101
Title.§ 7-1-103
Definitions.§ 7-1-103.5
Control.