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2019 Utah Code
Title 7 - Financial Institutions Act
Chapter 2 - Possession of Depository Institution by Commissioner
Section 13 - Collections in liquidation -- Deposit -- Preference.
Universal Citation: UT Code § 7-2-13 (2019)
7-2-13. Collections in liquidation -- Deposit -- Preference.
The money collected in process of a liquidation by the commissioner shall be from time to time deposited, subject to his order as herein provided, in one or more federally insured depository institutions organized under the laws of this state. In case of the suspension or insolvency of the depository institution, these deposits shall be preferred before all other deposits.
Enacted by Chapter 16, 1981 General Session
The money collected in process of a liquidation by the commissioner shall be from time to time deposited, subject to his order as herein provided, in one or more federally insured depository institutions organized under the laws of this state. In case of the suspension or insolvency of the depository institution, these deposits shall be preferred before all other deposits.
Enacted by Chapter 16, 1981 General Session
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