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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-3-33

Bank directors must regularly examine the bank’s books, papers, and affairs, and file a written report within 30 days after the examination.

Source excerpt

bank examinationsboard examinationscompliance reportinginternal recordsrecordkeepingreports
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

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“Bank directors must regularly examine the bank’s books, papers, and affairs, and file a written report within 30 days after the examination.”

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Subsection 7-3-33(1)

The board of directors of every bank must fully examine, or cause to be examined, the bank’s books, papers, affairs, and especially its loans, discounts, and overdrafts, unless another provision in the chapter expressly provides otherwise.

Section 7-3-33(1)

Subsection 7-3-33(2)

The examination must be conducted at least once every 18 months, and the commissioner may require it at additional times.

Section 7-3-33(2)

Subsection 7-3-33(3)

A written report of the examination must be made and filed with the bank’s records within 30 days after the examination is completed, and it is subject to examination by the commissioner or a bank examiner.

Section 7-3-33(3)

04

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In force source record

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

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Showing 4 of 4 provisions

Provision 4
§ 7-3-33Examination of affairs by board of directors -- Purposes -- Frequency -- Report filed in bank records.Provision

Source excerpt

Bank directors must regularly examine the bank’s books, papers, and affairs, and file a written report within 30 days after the examination.

Examination of affairs by board of directors -- Purposes -- Frequency -- Report filed in bank records. Except as otherwise expressly provided in this chapter, it shall be the duty of the board of directors of every bank to examine or cause to be examined fully the books, papers, and affairs of the bank, and particularly the loans, discounts, and overdrafts thereof with a special view of ascertaining the value and security thereof and of the collateral security, if any, given in connection therewith, and to inquire into such other matters as the commissioner of financial institutions or bank examiner may require. The examination shall be made not less frequently than once within an 18-month period and at such other times as the commissioner may require. Within 30 days after the completion of the examination a report in writing thereof shall be made and placed on file with the records of the bank and shall be subject to examination by the commissioner or bank examiner.
Section 7-3-33Verify source
§ 7-3-33(1)Subsection 7-3-33(1)Provision

Source excerpt

The board of directors of every bank must fully examine, or cause to be examined, the bank’s books, papers, affairs, and especially its loans, discounts, and overdrafts, unless another provision in the chapter expressly provides otherwise.

Except as otherwise expressly provided in this chapter, it shall be the duty of the board of directors of every bank to examine or cause to be examined fully the books, papers, and affairs of the bank, and particularly the loans, discounts, and overdrafts thereof with a special view of ascertaining the value and security thereof and of the collateral security, if any, given in connection therewith, and to inquire into such other matters as the commissioner of financial institutions or bank examiner may require.
Section 7-3-33(1)Verify source
§ 7-3-33(2)Subsection 7-3-33(2)Provision

Source excerpt

The examination must be conducted at least once every 18 months, and the commissioner may require it at additional times.

The examination shall be made not less frequently than once within an 18-month period and at such other times as the commissioner may require.
Section 7-3-33(2)Verify source
§ 7-3-33(3)Subsection 7-3-33(3)Provision

Source excerpt

A written report of the examination must be made and filed with the bank’s records within 30 days after the examination is completed, and it is subject to examination by the commissioner or a bank examiner.

Within 30 days after the completion of the examination a report in writing thereof shall be made and placed on file with the records of the bank and shall be subject to examination by the commissioner or bank examiner.
Section 7-3-33(3)Verify source

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