There is a newer version of the Utah Code
2006 Utah Code - Chapter 02 — Possession of Depository Institution by Commissioner
- 7-2-1 — Supervisory actions by commissioner -- Grounds -- Mergers or acquisitions authorized by commissioner -- Possession of business and property taken by commissioner.
- 7-2-2 — Jurisdiction of district court -- Supervision of actions of commissioner in possession -- Authority of commissioner and court.
- 7-2-3 — Action for injunction against commissioner in possession -- Procedure -- Appeal.
- 7-2-4 — Consent required for institution to resume business.
- 7-2-5 — Appointment of receiver or assignment for creditors -- Notice required -- Commissioner taking possession.
- 7-2-6 — Possession by commissioner -- Notice -- Presentation, allowance, and disallowance of claims -- Objections to claims.
- 7-2-7 — Stay of proceedings against institution -- Relief.
- 7-2-8 — Special deputies or agents -- Appointment -- Bond.
- 7-2-9 — Conservatorship, receivership, or liquidation of institution -- Appointment of receiver -- Review of actions.
- 7-2-10 — Inventory of assets -- Listings of claims -- Report of proceedings -- Filing -- Inspection.
- 7-2-11 — Special counsel -- Employment by attorney general.
- 7-2-12 — Powers of commissioner in possession -- Sale of assets -- Postpossession financing -- New deposit instruments -- Executory contracts -- Transfer of property -- Avoidance of transfers -- Avoidable preferences -- Setoff.
- 7-2-13 — Collections in liquidation -- Deposit -- Preference.
- 7-2-14 — Expenses during possession.
- 7-2-15 — Priority of obligations, expenses, and claims -- Distribution of balance of assets.
- 7-2-16 — Interim ratable dividends.
- 7-2-17 — Disposition of records after liquidation.
- 7-2-18 — Plan for reorganization or liquidation of institution -- Hearing -- Procedure -- Effect -- Appeals.
- 7-2-19 — Suspension of payments by institution -- Order of commissioner -- Approval of governor -- Period effective -- Exempt payments -- Operation during suspension -- Modification of orders -- Adoption of rules and regulations.
- 7-2-21 — Applicability of Utah Procurement Code.
- 7-2-22 — Termination of authority to transact business.
- 7-2-23 — Limitation of action -- Tolling of period.
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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