United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-1-315, 1981

The commissioner may require a board of directors to examine, or have examined, an institution’s books, papers, and affairs, especially its loans, discounts, and overdrafts, and file a report.

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01

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“The commissioner may require a board of directors to examine, or have examined, an institution’s books, papers, and affairs, especially its loans, discounts, and overdrafts, and file a report.”

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    Enacted 1981. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Source record from le.utah.gov · Enacted 1981

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Part 7-1-3

part 7-1-3 Powers and Duties of Commissioner of Financial Institutions

§ 7-1-315Examination by board of directors required -- Report.Provision

The commissioner may require a board of directors to examine, or have examined, an institution’s books, papers, and affairs, especially its loans, discounts, and overdrafts, and file a report.

Examination by board of directors required -- Report. The commissioner may at any time require the board of directors of any or all institutions under the commissioner's jurisdiction to fully examine or have fully examined the books, papers, and affairs of the institution of which they are directors and particularly the loans, discounts, and overdrafts of such institutions to ascertain the value and security thereof and the collateral security, if any, given in connection therewith and to inquire into such other matters as the commissioner may consider necessary and to have a report placed on file with the records of the institution, which report shall be subject to examination by the commissioner.
Section 7-1-315Verify source

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