View Our Newest Version Here

2006 Utah Code - 7-7-20 — Reserve and net worth requirements.

     7-7-20.   Reserve and net worth requirements.
     Each association shall establish and maintain reserve and net worth accounts prescribed by the commissioner by rule. Reserve and net worth requirements thus established may not exceed those required by the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, or their successor federal agencies.

Amended by Chapter 200, 1994 General Session

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.