7-7-40. Federal associations.
(1) Federal associations whose home state is Utah are not foreign corporations or
out-of-state associations.
(2) Unless federal laws or regulations provide otherwise, these federal associations and
their members or stockholders possess all of the rights, powers, privileges, benefits, immunities,
and exemptions provided by the laws of this state for associations organized under the laws of
this state and for their members or stockholders.
(3) This provision is additional and supplemental to any provision that by specific
reference is applicable to federal associations and their members or stockholders.
Amended by Chapter 49, 1995 General Session
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Last revised: Thursday, May 28, 2009