Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Private or partnership banks are prohibited from being established or operated in this state. An institution may maintain or open a main office or branch in the state only if it is properly chartered, and if its home state is not Utah, authorized to have a Utah branch under both Utah and home-state law.”
Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.
02
How the instrument operates
- 01
Start with the recorded version
Legal dates not recorded. 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
Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.
- 04
Verify currency and official wording
Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.
03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
Private or partnership banks are prohibited from being established or operated in this state. An institution may maintain or open a main office or branch in the state only if it is properly chartered, and if its home state is not Utah, authorized to have a…
Section 7-3-2
Private or partnership banks are expressly prohibited from establishing or operating in this state.
Section 7-3-2(1)
An institution may establish or keep a main office or branch in this state to conduct banking business only if it is legitimately chartered as a bank and, for a non-Utah home state bank, authorized to have a branch in Utah under both Utah law and its…
Section 7-3-2(2)
it is legitimately chartered as a bank by a state, the federal government, or a foreign government; and
Section 7-3-2(2)(a)
A bank whose home state is not Utah is authorized to have a branch in Utah, subject to Utah law and the law of its home state.
Section 7-3-2(2)(b)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Legal dates not recorded
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.