There is a newer version of the Utah Code
2014 Utah Code
Title 7 - Financial Institutions Act
Chapter 3 - Banks
Section 12 - Prohibited investments and loans.
UT Code § 7-3-12 (2014) What's This?
7-3-12. Prohibited investments and loans. (1) |
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(2) | A bank may make an investment or loan prohibited under Subsection (1) with the prior written approval of the commissioner if the bank can demonstrate reasonable need for the investment or loan to the commissioner. |
Amended by Chapter 91, 1997 General Session
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