United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-19-2

The commissioner, or a receiver or liquidator appointed by the commissioner, may solicit offers and may authorize, require, or give effect to a supervisory acquisition or supervisory merger for a failing or failed…

failing depository institutionfailing depository institution holding companysupervisory acquisitionsupervisory merger

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01

Purpose and legislative effect

“The commissioner, or a receiver or liquidator appointed by the commissioner, may solicit offers and may authorize, require, or give effect to a supervisory acquisition or supervisory merger for a failing or failed depository institution or holding company.”

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

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Provision
§ 7-19-2Supervisory acquisition or merger authorized or required by commissioner.Provision

The commissioner, or a receiver or liquidator appointed by the commissioner, may solicit offers and may authorize, require, or give effect to a supervisory acquisition or supervisory merger for a failing or failed depository institution or holding company.

Supervisory acquisition or merger authorized or required by commissioner. Notwithstanding any provision of law to the contrary, the commissioner, or any receiver or liquidator appointed by the commissioner, may solicit offers from and authorize, require, or give effect to, a supervisory acquisition of, or a supervisory merger with respect to a failing or failed depository institution or failing or failed depository institution holding company 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 7-19-2Verify source

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