Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Annual renewal of certificate of authority. A foreign depository institution may renew a certificate of authority, issued under Section 7-18a-202 , to transact business in this state through an agency, branch, or representative office in a”
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02
How the instrument operates
- 01
Start with the recorded version
Legal dates not recorded. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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Annual renewal of certificate of authority. A foreign depository institution may renew a certificate of authority, issued under Section 7-18a-202 , to transact business in this state through an agency, branch, or representative office in a
Section 7-18a-207
An application for renewal must be submitted to the department at least 60 days before the certificate of authority expires.
Section 7-18a-207(2)
The certificate of authority may be renewed by the commissioner upon a determination, with or without examination, that the foreign depository institution: is in a safe and sound condition; and has complied with applicable provisions of
Section 7-18a-207(3)
has complied with applicable provisions of the law.
Section 7-18a-207(3)(b)
An application for renewal of certificate of authority shall be accompanied by the annual fee required by Subsection 7-1-401(5) .
Section 7-18a-207(4)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Legal dates not recorded
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.