Utah § 7-2-16 Interim ratable dividends.

Utah Statutes

§ 7-2-16 — Interim ratable dividends.

Utah·Title 7 Financial Institutions Act·Ch. 7-2 Possession of Depository Institution by Commissioner

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.

Utah § 7-2-16 (Interim ratable dividends.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.