There is a newer version of the Utah Code
2016 Utah Code
Title 7 - Financial Institutions Act
Chapter 3 - Banks
Section 30 - Board of directors to manage business -- Residency of directors.
UT Code § 7-3-30 (2016) What's This?
7-3-30. Board of directors to manage business -- Residency of directors. The business and affairs of a corporation conducting a banking business shall be managed by its board of directors. Directors are not required to be residents of this state or shareholders of the corporation unless its articles of incorporation or bylaws so require.
Enacted by Chapter 16, 1981 General Session
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