H.B. 192 Enrolled

REPEAL OF THRIFTS SETTLEMENT
FINANCING PROVISIONS
2004 GENERAL SESSION
STATE OF UTAH
Sponsor: Greg J. Curtis

LONG TITLE
General Description:
This bill modifies the Financial Institution title to address thrifts settlement financing.
Highlighted Provisions:
This bill:
. repeals the Thrift Settlement Financing chapter.
Monies Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
REPEALS:
7-21-1, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-2, as last amended by Chapter 49, Laws of Utah 1995
7-21-3, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-4, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-5, as last amended by Chapter 49, Laws of Utah 1995
7-21-6, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-7, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-8, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-9, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session
7-21-10, as enacted by Chapter 4, Laws of Utah 1988, Fourth Special Session

Be it enacted by the Legislature of the state of Utah:
Section 1. Repealer.
This bill repeals:
Section 7-21-1, Purpose of chapter.
Section 7-21-2, Definitions.
Section 7-21-3, Conditions for funding settlement.
Section 7-21-4, Terms of settlement agreement.
Section 7-21-5, Release of claims by depositor class.
Section 7-21-6, Distribution agent duties, authorized expenses, and court approval.
Section 7-21-7, Thrifts Panel created -- Members named -- Screening process.
Section 7-21-8, No payment to depositors opting out.
Section 7-21-9, Division of Finance title, receipt and deposit of state share of
liquidation proceeds.
Section 7-21-10, Conditions for repeal of chapter -- Severability.

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