Browse 6,137 source-backed statutes, open stored provisions and move directly into source-grounded legal research.
6,137 statutes · page 281 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
Lost or destroyed account book or certificate. If the holder of record of an account as shown by the books of a depository institution, or his legal representative, files with the institution an affidavit to the effect that the account
A depository institution may contract with certain schools or institutions to participate in a school or institutional savings plan, and it may accept savings accounts at the school or institution through its own collector or the institution’s representative acting as its agent.
A depository institution may contract with an employer to handle payroll deduction savings or direct deposit of wages, subject to employee participation or written designation.
A depository institution may keep recognizing a written attorney-in-fact’s authority over a savings account until it has actual notice that the authority was revoked, and the institution is not liable for damages, penalties, or tax for payments made under this section.
A depository institution may issue and administer deposit accounts for a married person or minor, and a minor’s parent or guardian may not, in that capacity, attach or transfer the minor’s account.
A pledge or hypothecation of a joint savings account can be valid for the pledged part, unless the account terms specifically say otherwise.
If a savings account holder is adjudicated incompetent, the depository institution may pay the account value and accrued earnings to the conservator on proof of appointment and qualification; without written or actual notice, it may instead pay the holder under the account contract.
A financial institution may accept or advertise transaction accounts only if authorized by federal or state law, and the commissioner has authority to grant, limit, condition, or revoke that authority.
Utah law sets no state deposit cap or concentration limit; depository institutions and holding companies may hold any share of in-state deposits, and the commissioner may waive a stricter federal limit in some cases.
It is unlawful to establish or operate a deposit production office, or similar office, in this state to solicit deposits or similar indebtedness, except for the stated office-based activities.
Savings promotion programs. As used in this section: "Prize period" means a period of time, designated by a depository institution, during which a qualifying account holder may submit an entry into the depository institution's savings
This section restricts who may use names like “bank,” “savings and loan association,” “credit union,” “industrial bank,” “trust,” and related terms when doing business in Utah, and it allows the commissioner to grant exemptions.
This section allows Utah and out-of-state depository institutions and their holding companies to acquire, merge, and branch across state lines, but restricts de novo interstate branching in Utah except as stated. It also imposes compliance, filing, and notice requirements on out-of-state institutions operating Utah bra
A person generally may not acquire or control covered depository institutions or holding companies without prior written approval, and the commissioner has enforcement and exemption powers.
Authorization required to engage in business -- Exemptions -- Procedure. An institution subject to the jurisdiction of the department may maintain an office in this state or engage in the activities of a financial institution in this state
Approval required for certain transactions -- Application -- Grounds for disapproval. Except as provided in Subsection (5) , an applicant for authorization to engage in any of the transactions described in Sections 7-1-702 and 7-1-703
Application to commissioner to exercise power -- Procedure -- Notice. Except as provided in Sections 7-1-704 and 7-1-705 , by filing a request for agency action with the commissioner, any person may request the commissioner to: issue any
Certain Utah depository institutions may establish or relocate branches or offices only with the commissioner’s prior approval.
A qualifying depository institution may discontinue a branch if its board approves it, but it must file an application with the commissioner and publish notice before the discontinuance can proceed.
"Agency" defined -- Purposes and establishment of agency. As used in this section, "agency" means a place, person, or facility, stationary or mobile, other than the home office or a branch office: where functions of the financial
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