Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A foreign depository institution generally may not do business in this state unless it does so through an authorized agency, branch, or representative office.”
Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.
02
How the instrument operates
- 01
Start with the recorded version
Enacted 1996. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.
- 03
Read conditions and exceptions together
Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.
- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
A foreign depository institution generally may not do business in this state unless it does so through an authorized agency, branch, or representative office.
Section 7-18a-201
A foreign depository institution may not transact business in this state unless it does so through an agency, branch, or representative office authorized by the department or a federal agency.
Section 7-18a-201(1)
A foreign depository institution without authorization to do business through an agency, branch, or representative office in this state may still make or enforce certain in-state loans secured by liens on real or personal property in this state.
Section 7-18a-201(2)
A qualifying foreign depository institution may act as an agent for an affiliated depository institution, subject to Section 7-1-716.
Section 7-18a-201(3)
A foreign depository institution is not treated as transacting business in the state just because a subsidiary or affiliate does business there.
Section 7-18a-201(4)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 1996
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.