Utah § 7-2-16 Interim ratable dividends.

Utah Statutes

§ 7-2-16 — Interim ratable dividends.

Utah § 7-2-16

Title 7Financial Institutions Act

Ch. 7-2Possession of Depository Institution by Commissioner

This text of Utah § 7-2-16 (Interim ratable dividends.) 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. § 7-2-16 (2026).

Text

At any time after the expiration of the date fixed for the presentation of claims and prior to the declaration of a final dividend the commissioner may, out of the funds remaining in the commissioner's hands after the payment of expenses, declare and pay, subject to their priorities established under Section 7-2-15, one or more interim ratable dividends to any person and in  the amount and upon such notice as the court directs.

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At any time after the expiration of the date fixed for the presentation of claims and prior to the declaration of a final dividend the commissioner may, out of the funds remaining in the commissioner's hands after the payment of expenses, declare and pay, subject to their priorities established under Section 7-2-15, one or more interim ratable dividends to any person and in the amount and upon such notice as the court directs.