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2025 Utah Code
Title 7 - Financial Institutions Act
Chapter 3 - Banks
Section 25 - Bad debts.
Universal Citation:
UT Code § 7-3-25 (2025)
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7-3-25. Bad debts.
All demand and matured debts due to any bank on which interest is past due and has not been paid for a period of six months, unless they are well secured and in process of collection, are considered bad debts and shall be charged off to the reserve for loan losses account.
Amended by Chapter 200, 1994 General Session
All demand and matured debts due to any bank on which interest is past due and has not been paid for a period of six months, unless they are well secured and in process of collection, are considered bad debts and shall be charged off to the reserve for loan losses account.
Amended by Chapter 200, 1994 General Session
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