Utah Administrative Code
Topic - Financial Institutions
Title R333 - Banks
Rule R333-7 - Investment by a State-Chartered Bank in Shares of Open-End Investment Companies
Section R333-7-1 - Authority, Scope, and Purpose
Universal Citation: UT Admin Code R 333-7-1
Current through Bulletin 2024-06, March 15, 2024
(1) This rule is issued pursuant to Subsection 7-1-301(8)(b)(i) and Section 7-3-3.2.
(2) This rule permits a state-chartered bank to purchase for its own account shares of open-end investment companies subject to certain restrictions.
(3) This rule expands the eligible classes and types of investments for state-chartered banks and gives them rights, privileges and powers granted to national banks.
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