Utah Code -- Title 07 -- Chapter 02 -- Possession of Depository Institution by Commissioner

Code in HTML Format with Links to Zipped WordPerfect

Updated: 28 May 2009

7-2-1    Supervisory actions by commissioner -- Grounds -- Mergers or acquisitions authorized by commissioner -- Possession of business and property taken by commissioner.

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7-2-2    Jurisdiction of district court -- Supervision of actions of commissioner in possession -- Authority of commissioner and court.

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7-2-3    Action for injunction against commissioner in possession -- Procedure -- Appeal.

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7-2-4    Consent required for institution to resume business.

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7-2-5    Appointment of receiver or assignment for creditors -- Notice required -- Commissioner taking possession.

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7-2-6    Possession by commissioner -- Notice -- Presentation, allowance, and disallowance of claims -- Objections to claims.

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7-2-7    Stay of proceedings against institution -- Relief.

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7-2-8    Special deputies or agents -- Appointment -- Bond.

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7-2-9    Conservatorship, receivership, or liquidation of institution -- Appointment of receiver -- Review of actions.

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7-2-10    Inventory of assets -- Listings of claims -- Report of proceedings -- Filing -- Inspection.

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7-2-11    Special counsel -- Employment by attorney general.

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7-2-12    Powers of commissioner in possession -- Sale of assets -- Postpossession financing -- New deposit instruments -- Executory contracts -- Transfer of property -- Avoidance of transfers -- Avoidable preferences -- Setoff.

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7-2-13    Collections in liquidation -- Deposit -- Preference.

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7-2-14    Expenses during possession.

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7-2-15    Priority of obligations, expenses, and claims -- Distribution of balance of assets.

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7-2-16    Interim ratable dividends.

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7-2-17    Disposition of records after liquidation.

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7-2-18    Plan for reorganization or liquidation of institution -- Hearing -- Procedure -- Effect -- Appeals.

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7-2-19    Suspension of payments by institution -- Order of commissioner -- Approval of governor -- Period effective -- Exempt payments -- Operation during suspension -- Modification of orders -- Adoption of rules and regulations.

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7-2-21    Applicability of Utah Procurement Code.

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7-2-22    Termination of authority to transact business.

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7-2-23    Limitation of action -- Tolling of period.

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means this portion of the Utah Code has been modified since the last update on 6 May 2009.

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Last revised: 28 May 2009

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