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Utah Code Title 7. Financial Institutions Act § 7-19-2. Supervisory acquisition or merger authorized or required by commissioner

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Notwithstanding any provision of law to the contrary, the commissioner, or any receiver or liquidator appointed by the commissioner, may solicit offers from and authorize, require, or give effect to, a supervisory acquisition of, or a supervisory merger with respect to a failing or failed depository institution or failing or failed depository institution holding company by a Utah depository institution, an out-of-state depository institution, a Utah depository institution holding company, or an out-of-state depository institution holding company.

Cite this article: FindLaw.com - Utah Code Title 7. Financial Institutions Act § 7-19-2. Supervisory acquisition or merger authorized or required by commissioner - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-7-financial-institutions-act/ut-code-sect-7-19-2.html


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