Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A foreign depository institution may not simultaneously operate an agency or branch under this chapter and an agency or branch authorized under federal law, and it may not simultaneously operate an agency and a branch in this state.”
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 may not simultaneously operate an agency or branch under this chapter and an agency or branch authorized under federal law, and it may not simultaneously operate an agency and a branch in this state.
Section 7-18a-203
A foreign depository institution authorized under this chapter may not simultaneously do business in Utah through a federally authorized agency or branch.
Section 7-18a-203(1)
A foreign depository institution authorized to transact business through an agency may not also transact business through a branch in this state.
Section 7-18a-203(3)
A foreign depository institution authorized to do business through a branch may not also do business through an agency in this state.
Section 7-18a-203(4)
A qualifying foreign depository institution is not barred from transacting business through a representative office.
Section 7-18a-203(5)
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.