Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner. The commissioner may not authorize or require any transaction pursuant to Section 7-19-2 unless the commissioner determines that: the”
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02
How the instrument operates
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- 02
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- 03
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03
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Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner. The commissioner may not authorize or require any transaction pursuant to Section 7-19-2 unless the commissioner determines that: the
Section 7-19-5
The acquiring or resulting depository institution or depository institution holding company must have shown an acceptable record of meeting the credit needs of the communities it serves.
Section 7-19-5(1)
the acquiring or resulting depository institution or depository institution holding company has a record of sound performance, capital adequacy, financial capacity, and efficient management such that the acquisition or merger will not
Section 7-19-5(2)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Legal dates not recorded
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