7-1-312. Reports required of large stockholders of financial institutions as to loans
secured by stock.
The commissioner may require any person owning or acquiring 25% or more of the
outstanding capital stock of any depository institution subject to his jurisdiction, or 25% or more
of the stock of any corporation having control of the institution, to report to him any borrowing by
that person which is secured by that stock and to report to him the terms of the borrowing. This
section applies only if the purpose for the borrowing was to acquire control of the institution or
any other depository institution.
Enacted by Chapter 16, 1981 General Session
Download Code Section Zipped WordPerfect 07_01_031200.ZIP 1,750 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009