Utah Administrative Code (Current through November 1, 2019) |
R333. Financial Institutions, Banks |
R333-12. Investment by State-Chartered Banks in Real Property Other Than Bank Premises |
R333-12-1. Authority, Scope, and Purpose
Latest version.
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(1) This rule is issued pursuant to Sections 7-1-301 and 7-3-18.
(2) This rule applies to all banks chartered by the State of Utah.
(3) The purpose of this rule is to authorize state-chartered banks with sufficient capital to invest in real property other than bank premises and prescribe requirements and restrictions to govern such activities.