Utah Administrative Code
Topic - Financial Institutions
Title R339 - Industrial Loan Corporations
Rule R339-4 - Authority for Industrial Loan Corporations to Issue Subordinated Capital Notes or Debentures
Section R339-4-5 - Use as Capital
Universal Citation: UT Admin Code R 339-4-5
Current through Bulletin 2024-06, March 15, 2024
(1) The outstanding principal amount of subordinated capital notes or debentures not maturing within one year shall be added to the capital of the issuing industrial loan corporation for the purpose of determining the amount of "total capital" under the provisions of Sections 7-8-5(1) and 7-8-14 and Rule R339-6.
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