R333-12-1. Authority, Scope, and Purpose  


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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.