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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-19-9

The commissioner may adopt rules to implement this chapter and must report certain supervisory acquisitions or mergers to the governor and Legislature by January 10 each year. The commissioner is…

Source excerpt

immunityregulatory powersreportingrulemakingsupervisory acquisitionssupervisory mergers
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

Purpose and legislative effect

“The commissioner may adopt rules to implement this chapter and must report certain supervisory acquisitions or mergers to the governor and Legislature by January 10 each year. The commissioner is also protected from civil liability, penalties, and criminal prosecution for good-faith judgment or discretion errors under”

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Subsection 7-19-9(1)

This chapter does not limit powers otherwise granted by state law to the commissioner, depository institutions, or depository institution holding companies.

Section 7-19-9(1)

Subsection 7-19-9(2)

The commissioner is exempt from civil liability, penalties, and criminal prosecution for good-faith errors in judgment or discretion made in actions taken or omitted under this chapter.

Section 7-19-9(2)

Subsection 7-19-9(3)

The commissioner may make rules and regulations needed to carry out this chapter.

Section 7-19-9(3)

Subsection 7-19-9(4)

By January 10 of each year, the commissioner shall report to the governor and the Legislature the nature and general terms and conditions of any supervisory acquisition or supervisory merger effectuated under the provisions of this chapter

Section 7-19-9(4)

04

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In force source record

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

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Showing 5 of 5 provisions

Provision 3Offence 2
§ 7-19-9Commissioner's powers not limited -- Immunity -- Rules -- Reports.Offence

Source excerpt

The commissioner may adopt rules to implement this chapter and must report certain supervisory acquisitions or mergers to the governor and Legislature by January 10 each year. The commissioner is also protected from civil liability, penalties, and criminal prosecution for good-faith judgment or discretion errors under this chapter.

Commissioner's powers not limited -- Immunity -- Rules -- Reports. This chapter does not limit any power otherwise granted to the commissioner or to any depository institution or depository institution holding company by the laws of this state. The commissioner is not subject to any civil liability or penalty nor to any criminal prosecution for any error in judgment or discretion in any action taken or omitted by the commissioner in good faith under the provisions of this chapter. The commissioner may promulgate such rules and regulations as may be necessary to implement this chapter. By January 10 of each year, the commissioner shall report to the governor and the Legislature the nature and general terms and conditions of any supervisory acquisition or supervisory merger effectuated under the provisions of this chapter during the preceding year.
Section 7-19-9Verify source
§ 7-19-9(1)Subsection 7-19-9(1)Provision

Source excerpt

This chapter does not limit powers otherwise granted by state law to the commissioner, depository institutions, or depository institution holding companies.

This chapter does not limit any power otherwise granted to the commissioner or to any depository institution or depository institution holding company by the laws of this state.
Section 7-19-9(1)Verify source
§ 7-19-9(2)Subsection 7-19-9(2)Offence

Source excerpt

The commissioner is exempt from civil liability, penalties, and criminal prosecution for good-faith errors in judgment or discretion made in actions taken or omitted under this chapter.

The commissioner is not subject to any civil liability or penalty nor to any criminal prosecution for any error in judgment or discretion in any action taken or omitted by the commissioner in good faith under the provisions of this chapter.
Section 7-19-9(2)Verify source
§ 7-19-9(3)Subsection 7-19-9(3)Provision

Source excerpt

The commissioner may make rules and regulations needed to carry out this chapter.

The commissioner may promulgate such rules and regulations as may be necessary to implement this chapter.
Section 7-19-9(3)Verify source
§ 7-19-9(4)Subsection 7-19-9(4)Provision

Source excerpt

By January 10 of each year, the commissioner shall report to the governor and the Legislature the nature and general terms and conditions of any supervisory acquisition or supervisory merger effectuated under the provisions of this chapter

By January 10 of each year, the commissioner shall report to the governor and the Legislature the nature and general terms and conditions of any supervisory acquisition or supervisory merger effectuated under the provisions of this chapter during the preceding year.
Section 7-19-9(4)Verify source

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