United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-19-1

Source excerpt

depository institutionsregulatory definitions

Jurisdiction: United States — Utah
Status: In force
Dates: Legal dates not recorded

On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

Purpose and legislative effect

“Definitions. As used in this chapter: "Failing or failed depository institution" means a depository institution under the jurisdiction of the department: regarding which the commissioner makes a finding that any of the conditions set forth”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

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

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.

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

Definitions.

Section 7-19-1

Subsection 7-19-1(1)(d)

which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner .

Section 7-19-1(1)(d)

Subsection 7-19-1(2)(e)

whose subsidiary depository institution is a failing or failed depository institution.

Section 7-19-1(2)(e)

Subsection 7-19-1(3)(d)

Refers to an out-of-state depository institution holding company.

Section 7-19-1(3)(d)

Subsection 7-19-1(4)(d)

Refers to an out-of-state depository institution holding company.

Section 7-19-1(4)(d)

Source and current-law status

In force source record

Source record from le.utah.gov · Legal dates not recorded

In force

This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Search within this statute

Search all stored provisions in this version.

Showing 22 of 22 provisions

Provision 21Interpretation

§ 7-19-1Definitions.Interpretation

Source excerpt

Definitions. As used in this chapter: "Failing or failed depository institution" means a depository institution under the jurisdiction of the department: regarding which the commissioner makes a finding that any of the conditions set forth in Subsections 7-2-1(1)(a) through (k) exist; that meets the requirements of Subsection 7-2-1(1)(l) ; whose shareholders have consented to a supervisory action by the commissioner pursuant to Subsection 7-2-1(2) ; or which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner . "Failing or failed depository institution holding company" means a depository institution holding company under the jurisdiction of the department: regarding which the commissioner makes a finding that any of the conditions set forth in Subsections 7-2-1(1)(a) through (k) exist; that meets the requirements of Subsection 7-2-1(1)(l) ; whose shareholders have consented to a supervisory action by the commissioner pursuant to Subsection 7-2-1(2) ; which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner ; or whose subsidiary depository institution is a failing or failed depository institution. "Supervisory acquisition" means the acquisition of control, the acquisition of all or a portion of the assets, or the assumption of all or a portion of the liabilities, pursuant to Section 7-2-1 , 7-2-12 , or 7-2-18 , of a failing or failed depository institution or a failing or failed depository institution holding company, whether or not in the possession of the commissioner, by: a Utah depository institution; an out-of-state depository institution; a Utah depository institution holding company; or an out-of-state depository institution holding company. "Supervisory merger" means the merger or consolidation, pursuant to Section 7-2-1 , 7-2-12 , or 7-2-18 of a failing or failed depository institution or a failing or failed depository institution holding company, whether or not in the possession of the commissioner, with: a Utah depository institution; an out-of-state depository institution; a Utah depository institution holding company; or an out-of-state depository institution holding company.

Section 7-19-1Verify source

§ 7-19-1(1)Subsection 7-19-1(1)Provision

Source excerpt

This subsection defines “failing or failed depository institution” as a depository institution under the department’s jurisdiction that meets one of several listed conditions.

"Failing or failed depository institution" means a depository institution under the jurisdiction of the department: regarding which the commissioner makes a finding that any of the conditions set forth in Subsections 7-2-1(1)(a) through (k) exist; that meets the requirements of Subsection 7-2-1(1)(l) ; whose shareholders have consented to a supervisory action by the commissioner pursuant to Subsection 7-2-1(2) ; or which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner .

Section 7-19-1(1)Verify source

§ 7-19-1(1)(a)Subsection 7-19-1(1)(a)Provision

Source excerpt

The commissioner must make a finding about whether any of the conditions listed in Subsections 7-2-1(1)(a) through (k) exist.

regarding which the commissioner makes a finding that any of the conditions set forth in Subsections 7-2-1(1)(a) through (k) exist;

Section 7-19-1(1)(a)Verify source

§ 7-19-1(1)(b)Subsection 7-19-1(1)(b)Provision

Source excerpt

that meets the requirements of Subsection 7-2-1(1)(l) ;

Section 7-19-1(1)(b)Verify source

§ 7-19-1(1)(c)Subsection 7-19-1(1)(c)Provision

Source excerpt

whose shareholders have consented to a supervisory action by the commissioner pursuant to Subsection 7-2-1(2) ; or

Section 7-19-1(1)(c)Verify source

§ 7-19-1(1)(d)Subsection 7-19-1(1)(d)Provision

Source excerpt

which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner .

Section 7-19-1(1)(d)Verify source

§ 7-19-1(2)Subsection 7-19-1(2)Provision

Source excerpt

This provision defines “failing or failed depository institution holding company.”

"Failing or failed depository institution holding company" means a depository institution holding company under the jurisdiction of the department: regarding which the commissioner makes a finding that any of the conditions set forth in Subsections 7-2-1(1)(a) through (k) exist; that meets the requirements of Subsection 7-2-1(1)(l) ; whose shareholders have consented to a supervisory action by the commissioner pursuant to Subsection 7-2-1(2) ; which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner ; or whose subsidiary depository institution is a failing or failed depository institution.

Section 7-19-1(2)Verify source

§ 7-19-1(2)(a)Subsection 7-19-1(2)(a)Provision

Source excerpt

regarding which the commissioner makes a finding that any of the conditions set forth in Subsections 7-2-1(1)(a) through (k) exist;

Section 7-19-1(2)(a)Verify source

§ 7-19-1(2)(b)Subsection 7-19-1(2)(b)Provision

Source excerpt

that meets the requirements of Subsection 7-2-1(1)(l) ;

Section 7-19-1(2)(b)Verify source

§ 7-19-1(2)(c)Subsection 7-19-1(2)(c)Provision

Source excerpt

whose shareholders have consented to a supervisory action by the commissioner pursuant to Subsection 7-2-1(2) ;

Section 7-19-1(2)(c)Verify source

§ 7-19-1(2)(d)Subsection 7-19-1(2)(d)Provision

Source excerpt

which is in the possession of the commissioner, or any receiver or liquidator appointed by the commissioner, pursuant to Chapter 2, Possession of Depository Institution by Commissioner ; or

Section 7-19-1(2)(d)Verify source

§ 7-19-1(2)(e)Subsection 7-19-1(2)(e)Provision

Source excerpt

whose subsidiary depository institution is a failing or failed depository institution.

Section 7-19-1(2)(e)Verify source

§ 7-19-1(3)Subsection 7-19-1(3)Provision

Source excerpt

The term “supervisory acquisition” covers certain acquisitions of control, assets, or liabilities involving a failing or failed depository institution or holding company.

"Supervisory acquisition" means the acquisition of control, the acquisition of all or a portion of the assets, or the assumption of all or a portion of the liabilities, pursuant to Section 7-2-1 , 7-2-12 , or 7-2-18 , of a failing or failed depository institution or a failing or failed depository institution holding company, whether or not in the possession of the commissioner, by: a Utah depository institution; an out-of-state depository institution; a Utah depository institution holding company; or an out-of-state depository institution holding company.

Section 7-19-1(3)Verify source

§ 7-19-1(3)(a)Subsection 7-19-1(3)(a)Provision

Source excerpt

a Utah depository institution;

Section 7-19-1(3)(a)Verify source

§ 7-19-1(3)(b)Subsection 7-19-1(3)(b)Provision

Source excerpt

Refers to an out-of-state depository institution.

an out-of-state depository institution;

Section 7-19-1(3)(b)Verify source

§ 7-19-1(3)(c)Subsection 7-19-1(3)(c)Provision

Source excerpt

Refers to a Utah depository institution holding company.

a Utah depository institution holding company; or

Section 7-19-1(3)(c)Verify source

§ 7-19-1(3)(d)Subsection 7-19-1(3)(d)Provision

Source excerpt

Refers to an out-of-state depository institution holding company.

an out-of-state depository institution holding company.

Section 7-19-1(3)(d)Verify source

§ 7-19-1(4)Subsection 7-19-1(4)Provision

Source excerpt

Defines “supervisory merger” as a merger or consolidation involving a failing or failed depository institution or holding company, with specified types of depository institutions or holding companies.

"Supervisory merger" means the merger or consolidation, pursuant to Section 7-2-1 , 7-2-12 , or 7-2-18 of a failing or failed depository institution or a failing or failed depository institution holding company, whether or not in the possession of the commissioner, with: a Utah depository institution; an out-of-state depository institution; a Utah depository institution holding company; or an out-of-state depository institution holding company.

Section 7-19-1(4)Verify source

§ 7-19-1(4)(a)Subsection 7-19-1(4)(a)Provision

Source excerpt

Applies to a Utah depository institution.

a Utah depository institution;

Section 7-19-1(4)(a)Verify source

§ 7-19-1(4)(b)Subsection 7-19-1(4)(b)Provision

Source excerpt

an out-of-state depository institution;

Section 7-19-1(4)(b)Verify source

§ 7-19-1(4)(c)Subsection 7-19-1(4)(c)Provision

Source excerpt

This text identifies a Utah depository institution holding company.

a Utah depository institution holding company; or

Section 7-19-1(4)(c)Verify source

§ 7-19-1(4)(d)Subsection 7-19-1(4)(d)Provision

Source excerpt

Refers to an out-of-state depository institution holding company.

an out-of-state depository institution holding company.

Section 7-19-1(4)(d)Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint

Undated version · currentEnglish · In force

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

Utah Code § 7-19-1

Purpose and legislative effect

How the instrument operates

Start with the recorded version

Locate the controlling provision

Read conditions and exceptions together

Verify currency and official wording

Research entry points

Source and current-law status

In force source record

Sections and provisions

Search within this statute

0 referenced instruments

No structured legislative relationships were detected

Recorded versions and source checkpoint

Ask AI about this statute