Utah § 7-19-2 Supervisory acquisition or merger authorized or required by commissioner.

Utah Statutes

§ 7-19-2 — Supervisory acquisition or merger authorized or required by commissioner.

Utah § 7-19-2

Title 7Financial Institutions Act

Ch. 7-19Acquisition of Failing Depository Institutions or Holding Companies

This text of Utah § 7-19-2 (Supervisory acquisition or merger authorized or required by commissioner.) 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. § 7-19-2 (2026).

Text

Notwithstanding any provision of law to the contrary, the commissioner, or any receiver or liquidator appointed by the commissioner, may solicit offers from and authorize, require, or give effect to, a supervisory acquisition of, or a supervisory merger with respect to a failing or failed depository institution or failing or failed depository institution holding company by a Utah depository institution, an out-of-state depository institution, a Utah depository institution holding company, or an out-of-state depository institution holding company.

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Notwithstanding any provision of law to the contrary, the commissioner, or any receiver or liquidator appointed by the commissioner, may solicit offers from and authorize, require, or give effect to, a supervisory acquisition of, or a supervisory merger with respect to a failing or failed depository institution or failing or failed depository institution holding company by a Utah depository institution, an out-of-state depository institution, a Utah depository institution holding company, or an out-of-state depository institution holding company.