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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-2-23, 1989

Limitation of action -- Tolling of period. If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the…

Source excerpt

cause of actiondepository institution oversightlimitations periodlimitations periodsreceiver/liquidator actionstolling
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 1989
Dates
Enacted 1989
More statute details
Dates
Enacted 1989
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“Limitation of action -- Tolling of period. If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the commissioner, or any”

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Limitation of action -- Tolling of period.

Limitation of action -- Tolling of period. If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the commissioner, or any

Section 7-2-23

Subsection 7-2-23(1)

If a filing period is set by law, order, claim, or agreement and has not expired before the commissioner takes possession, the institution, commissioner, receiver, or liquidator may sue only within the stated period or within the specified three-year limits,…

Section 7-2-23(1)

Subsection 7-2-23(1)(b)

A time period of three years is measured from the appointment of a receiver or liquidator under Section 7-2-9.

Section 7-2-23(1)(b)

Subsection 7-2-23(1)(c)

A period of three years runs from the date the commissioner takes possession.

Section 7-2-23(1)(c)

Subsection 7-2-23(2)

No statute of limitations as to any cause of action against an officer or director of a depository institution begins to run as to the commissioner or any receiver or liquidator appointed under Section 7-2-9 until the date the commissioner

Section 7-2-23(2)

04

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In force source record

Source record from le.utah.gov · Enacted 1989

In force

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Showing 6 of 6 provisions

Provision 4Commencement 2
§ 7-2-23Limitation of action -- Tolling of period.Commencement

Source excerpt

Limitation of action -- Tolling of period. If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the commissioner, or any

Limitation of action -- Tolling of period. If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the commissioner, or any receiver or liquidator appointed under Section 7-2-9 may commence an action, and the period has not expired before the date of possession by the commissioner, the receiver or liquidator may commence an action only before the later of: the end of the period; three years after the date of appointment of a receiver or liquidator under Section 7-2-9 ; or three years after the date of possession by the commissioner. No statute of limitations as to any cause of action against an officer or director of a depository institution begins to run as to the commissioner or any receiver or liquidator appointed under Section 7-2-9 until the date the commissioner takes possession of the institution under this chapter.
Section 7-2-23Verify source
§ 7-2-23(1)Subsection 7-2-23(1)Commencement

Source excerpt

If a filing period is set by law, order, claim, or agreement and has not expired before the commissioner takes possession, the institution, commissioner, receiver, or liquidator may sue only within the stated period or within the specified three-year limits, whichever ends later.

If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the commissioner, or any receiver or liquidator appointed under Section 7-2-9 may commence an action, and the period has not expired before the date of possession by the commissioner, the receiver or liquidator may commence an action only before the later of: the end of the period; three years after the date of appointment of a receiver or liquidator under Section 7-2-9 ; or three years after the date of possession by the commissioner.
Section 7-2-23(1)Verify source
§ 7-2-23(1)(a)Subsection 7-2-23(1)(a)Provision

Source excerpt

the end of the period;

the end of the period;
Section 7-2-23(1)(a)Verify source
§ 7-2-23(1)(b)Subsection 7-2-23(1)(b)Provision

Source excerpt

A time period of three years is measured from the appointment of a receiver or liquidator under Section 7-2-9.

three years after the date of appointment of a receiver or liquidator under Section 7-2-9 ; or
Section 7-2-23(1)(b)Verify source
§ 7-2-23(1)(c)Subsection 7-2-23(1)(c)Provision

Source excerpt

A period of three years runs from the date the commissioner takes possession.

three years after the date of possession by the commissioner.
Section 7-2-23(1)(c)Verify source
§ 7-2-23(2)Subsection 7-2-23(2)Provision

Source excerpt

No statute of limitations as to any cause of action against an officer or director of a depository institution begins to run as to the commissioner or any receiver or liquidator appointed under Section 7-2-9 until the date the commissioner

No statute of limitations as to any cause of action against an officer or director of a depository institution begins to run as to the commissioner or any receiver or liquidator appointed under Section 7-2-9 until the date the commissioner takes possession of the institution under this chapter.
Section 7-2-23(2)Verify source

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