Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“The commissioner must deposit liquidation money from time to time in one or more federally insured depository institutions organized under state law; if the institution is suspended or insolvent, those deposits are preferred over all other deposits.”
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02
How the instrument operates
- 01
Start with the recorded version
Enacted 1981. 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
Selected provisions across the instrument. Open any row to continue with the exact stored text.
The commissioner must deposit liquidation money from time to time in one or more federally insured depository institutions organized under state law; if the institution is suspended or insolvent, those deposits are preferred over all other deposits.
Section 7-2-13
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 1981
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.