Utah Statutes
§ 7-2-22 — Termination of authority to transact business.
Utah § 7-2-22
JurisdictionUtah
Title 7Financial Institutions Act
Ch. 7-2Possession of Depository Institution by Commissioner
This text of Utah § 7-2-22 (Termination of authority to transact business.) 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. § 7-2-22 (2026).
Text
If an institution or other person subject to the jurisdiction of the department is operated by a federal deposit insurance agency or its appointee pursuant to a federal receivership or conservatorship for a period of 180 days or more, the authority of that institution or person to transact business under this title shall terminate upon the expiration of the 180-day period.
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Legislative History
Enacted by Chapter 229, 1987 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
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Bluebook (online)
Utah § 7-2-22, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/7-2-22.