Utah Administrative Code
Topic - Financial Institutions
Title R333 - Banks
Rule R333-8 - Authority for Banks to Issue Subordinated Capital Notes or Debentures
Section R333-8-5 - Use as Capital
Universal Citation: UT Admin Code R 333-8-5
Current through Bulletin 2024-06, March 15, 2024
The outstanding principal amount of all mandatory convertible securities and all subordinated capital notes or debentures not maturing within one year shall be added to the capital of the issuing bank for the purpose of determining the amount of "total capital" under the provisions of Section 7-3-19.
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