United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-3-39

Shareholders' right to examine bank records -- Records as to a particular customer. Every shareholder of a bank shall have the right to examine the books and records of the bank as provided in Sections 16-10a-1601…

bank recordscourt ordercustomer privacyrecord accessshareholder inspection rights

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01

Purpose and legislative effect

“Shareholders' right to examine bank records -- Records as to a particular customer. Every shareholder of a bank shall have the right to examine the books and records of the bank as provided in Sections 16-10a-1601 through 16-10a-1604 .”

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Subsection 7-3-39(3)

A shareholder files a petition with a court of competent jurisdiction requesting an order granting access.

Section 7-3-39(3)

Subsection 7-3-39(5)

The court orders bank records for a particular customer to be made available, with privacy-protective conditions set by the court.

Section 7-3-39(5)

Subsection 7-3-39(6)

A person seeking to inspect or copy records must reimburse the bank for search, retrieval, and reproduction costs.

Section 7-3-39(6)

04

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

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Showing 7 of 7 provisions

Provision 7
§ 7-3-39Shareholders' right to examine bank records -- Records as to a particular customer.Provision

Shareholders' right to examine bank records -- Records as to a particular customer. Every shareholder of a bank shall have the right to examine the books and records of the bank as provided in Sections 16-10a-1601 through 16-10a-1604 .

Shareholders' right to examine bank records -- Records as to a particular customer. Every shareholder of a bank shall have the right to examine the books and records of the bank as provided in Sections 16-10a-1601 through 16-10a-1604 . Access to records pertaining solely to the deposits, borrowings, or other financial transaction of a particular customer shall be allowed to a shareholder of the bank upon the following conditions: a written request for such access is submitted to the board of directors of the bank stating its purpose and necessity; the board denies such request; the shareholder files a petition with a court of competent jurisdiction requesting an order granting such access; after hearing upon not less than 10 days' written notice to the bank and to the particular person whose records are involved, the court finds that the request for access is made in good faith and it is necessary to protect a legitimate interest of a shareholder; the court orders that the records of the bank pertaining to the particular customer be made available subject to such conditions as the court considers appropriate to protect the privacy of the customer; and the person seeking to inspect or obtain copies of such records reimburses the bank for the costs of search, retrieval, and reproduction of such records. The bank shall have no liability to the customer in providing to the shareholder of the bank access to such records in accordance with the terms and conditions of the order of the court.
Section 7-3-39Verify source
§ 7-3-39(1)Subsection 7-3-39(1)Provision

a written request for such access is submitted to the board of directors of the bank stating its purpose and necessity;

a written request for such access is submitted to the board of directors of the bank stating its purpose and necessity;
Section 7-3-39(1)Verify source
§ 7-3-39(2)Subsection 7-3-39(2)Provision

the board denies such request;

the board denies such request;
Section 7-3-39(2)Verify source
§ 7-3-39(3)Subsection 7-3-39(3)Provision

A shareholder files a petition with a court of competent jurisdiction requesting an order granting access.

the shareholder files a petition with a court of competent jurisdiction requesting an order granting such access;
Section 7-3-39(3)Verify source
§ 7-3-39(4)Subsection 7-3-39(4)Provision

after hearing upon not less than 10 days' written notice to the bank and to the particular person whose records are involved, the court finds that the request for access is made in good faith and it is necessary to protect a legitimate

after hearing upon not less than 10 days' written notice to the bank and to the particular person whose records are involved, the court finds that the request for access is made in good faith and it is necessary to protect a legitimate interest of a shareholder;
Section 7-3-39(4)Verify source
§ 7-3-39(5)Subsection 7-3-39(5)Provision

The court orders bank records for a particular customer to be made available, with privacy-protective conditions set by the court.

the court orders that the records of the bank pertaining to the particular customer be made available subject to such conditions as the court considers appropriate to protect the privacy of the customer; and
Section 7-3-39(5)Verify source
§ 7-3-39(6)Subsection 7-3-39(6)Provision

A person seeking to inspect or copy records must reimburse the bank for search, retrieval, and reproduction costs.

the person seeking to inspect or obtain copies of such records reimburses the bank for the costs of search, retrieval, and reproduction of such records. The bank shall have no liability to the customer in providing to the shareholder of the bank access to such records in accordance with the terms and conditions of the order of the court.
Section 7-3-39(6)Verify source

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