2011 Utah Code
Title 7 Financial Institutions Act
Chapter 7 Savings and Loan Associations Act
Section 30 Investment in property used in conduct of business -- Investment in manner not prohibited by law.

7-7-30. Investment in property used in conduct of business -- Investment in manner not prohibited by law.
(1) An association may invest in such real property or interest therein as the directors may deem necessary or convenient for the conduct of the business of the association, which for the purposes of this chapter may include the stock of a wholly owned subsidiary corporation having as its exclusive activity the ownership and management of such property or interests, but the amount so invested may not exceed 10% of the assets of the association, except that the commissioner may authorize a greater amount to be so invested if he finds that the investments promote the viability and stability of the associations of this state. An association may invest a reasonable amount in property such as furniture, fixtures, and equipment for use in carrying on its own business.
(2) Every association may invest its assets in a manner not expressly prohibited by law if the investments are made in the exercise of the judgment and care under the circumstances then prevailing which men of prudence, discretion, and intelligence exercise in the management of their own affairs not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital. The aggregate of investments held under this subsection and not permitted by any other section of this chapter may not exceed 5% of the assets of the association.