United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-2-4

An institution or other person may resume business only with the commissioner’s consent and on conditions approved by the commissioner.

business resumptioncommissioner consentcreditor paymentreorganization

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01

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“An institution or other person may resume business only with the commissioner’s consent and on conditions approved by the commissioner.”

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

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§ 7-2-4Consent required for institution to resume business.Provision

An institution or other person may resume business only with the commissioner’s consent and on conditions approved by the commissioner.

Consent required for institution to resume business. The institution or other person may resume business only with the consent of and upon conditions approved by the commissioner. The commissioner may give the commissioner's consent to resumption of business if arrangements have been made by the institution or its stockholders, by reorganization or otherwise, to the satisfaction of the commissioner, to pay all creditors of the institution, aside from the stockholders, and to remedy the default or condition for which possession was taken and to pay the expenses of the proceeding.
Section 7-2-4Verify source

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