Utah Administrative Code
Topic - Financial Institutions
Title R333 - Banks
Rule R333-12 - Investment by State-Chartered Banks in Real Property Other Than Bank Premises
Section R333-12-1 - Authority, Scope, and Purpose
Universal Citation: UT Admin Code R 333-12-1
Current through Bulletin 2024-06, March 15, 2024
(1) This rule is issued pursuant to Sections 7-1-301 and 7-3-18.
(2) This rule applies to all banks chartered by the State of Utah.
(3) The purpose of this rule is to authorize state-chartered banks with sufficient capital to invest in real property other than bank premises and prescribe requirements and restrictions to govern such activities.
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