Utah Code Title 7. Financial Institutions Act § 7-1-308. Suspension or removal of director or officer--Grounds--Procedure for issuance of order

(i) violated any law, rule, regulation, or a cease and desist order which has become final;

(ii) engaged or participated in any unsafe or unsound practice in the conduct of the affairs of the institution or other person;

(iii) committed or engaged in any act, omission, or practice which constitutes a breach of his fiduciary duty as an officer or director;

(iv) been charged in any information, indictment, or complaint authorized by a county attorney, a district attorney, or the attorney general of the state relative to a violation of this title; or

(v) been charged with the commission of or participation in a crime involving dishonesty or breach of trust; and

(i) the institution or other person under the jurisdiction of the department has suffered or will suffer substantial financial loss or other damage due to such actions and that such action may impair the safety and soundness of the institution or other person or prejudice in any manner the interests of the depositors, members, creditors, or shareholders; or

(ii) the director or officer has received financial gain by reason of any breach of fiduciary duty; the commissioner may, after notice and opportunity for hearing, serve upon such director or officer a written notice of suspension or removal of the individual from office or prohibition from further participation in the conduct of the affairs of the institution or other person.