There is a newer version of the Utah Code
2006 Utah Code - Chapter 07 — Savings and Loan Associations Act
- 7-7-1 — Citation of chapter -- Application of Utah Revised Business Corporation Act.
- 7-7-2 — Definitions.
- 7-7-3 — Incorporators -- Certificate of authority -- Articles of incorporation -- Amendment -- Bylaws -- Liability for debts of association.
- 7-7-3.1 — Limitation of personal liability of directors.
- 7-7-3.2 — General limitation on liability.
- 7-7-3.3 — Deposit insurance required.
- 7-7-4 — Mutual association -- Chair of incorporators -- Surety bond or escrow -- Capital requirements -- Expense fund -- Organization meeting.
- 7-7-5 — Capital stock association -- Chair of incorporators -- Surety bond or escrow -- Capital requirements -- Surplus -- Acquisition of own stock -- Organization meeting.
- 7-7-6 — Name requirements -- Establishment or changing location of offices.
- 7-7-7 — Conversion of associations.
- 7-7-8 — Reorganization, merger or consolidation of association.
- 7-7-9 — Dissolution of association.
- 7-7-10 — Meetings of mutual association members -- Voting -- Notice.
- 7-7-11 — Meetings of stock association stockholders -- Voting -- Notice.
- 7-7-12 — Inspection of books and records -- Confidentiality -- Communication between members or stockholders.
- 7-7-13 — Board of directors -- Number -- Election -- Qualifications -- Disqualification -- Terms -- Vacancies -- Removal.
- 7-7-14 — Bonding of directors, officers, employees and collection agents.
- 7-7-15 — Fiduciary relationship of directors and officers to association -- Disclosure requirements -- Prohibitions -- Violations as misdemeanors.
- 7-7-16 — Depositories used by associations.
- 7-7-17 — Indemnification of directors, officers and employees.
- 7-7-18 — Operating or management contract terms.
- 7-7-19 — Record and accounting requirements -- Valuation of assets.
- 7-7-20 — Reserve and net worth requirements.
- 7-7-21 — Powers of associations.
- 7-7-22 — Savings accounts -- Liabilities -- Opening -- Relationship between association and account holder -- Earnings -- Preferences -- Types of accounts.
- 7-7-23 — Savings accounts as legal investments and as deposits.
- 7-7-24 — Earnings on savings accounts.
- 7-7-25 — Withdrawal or transfer of savings accounts.
- 7-7-26 — Redemption of savings accounts.
- 7-7-27 — Liquidity prerequisite for loans and investments.
- 7-7-28 — Investments by associations.
- 7-7-29 — Investment in service organizations, business development credit corporations and service corporations.
- 7-7-30 — Investment in property used in conduct of business -- Investment in manner not prohibited by law.
- 7-7-31 — Investment in real estate for sale or income production -- Purchase of real estate securing loan.
- 7-7-32 — Agreements committing assets to lines of credit -- Stock ownership or affiliation with credit card companies.
- 7-7-33 — Investments in loans -- Payments to protect real estate loans -- Requiring borrower to pay taxes, insurance and other charges on real estate in advance.
- 7-7-34 — Charging borrower for expenses and services for real estate loan.
- 7-7-35 — Sale of real estate securities -- Dealing with buyer -- Liability of original borrower.
- 7-7-36 — Actions necessary to avoid loss on loans and investments.
- 7-7-38 — Reports and examinations required -- Access to records.
- 7-7-40 — Federal associations.
- 7-7-41 — Additional powers of associations belonging to federal home loan bank system.
- 7-7-42 — Members, stockholders or employees not disqualified to take acknowledgments or proofs.
- 7-7-43 — Previously incorporated associations.
- 7-7-44 — Chapter controls over inconsistent laws -- Laws on assumption of real estate security interests not suspended or repealed.
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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