Utah Statutes
§ 7-18a-207 — Annual renewal of certificate of authority.
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 may renew a certificate of authority, issued under Section 7-18a-202, to transact business in this state through an agency, branch, or representative office in a form prescribed by the commissioner.
(2)The application for renewal shall be submitted to the department no later than 60 days before the expiration of the certificate of authority.
(3)The certificate of authority may be renewed by the commissioner upon a determination, with or without examination, that the foreign depository institution:
(3)(a) is in a safe and sound condition; and
(3)(b) has complied with applicable provisions of the law.
(4)An application for renewal of certificate of authority shall be accompanied by the annual fee required by Subsection 7-1-401(5).
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Legislative History
Amended by Chapter 260, 2000 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.