Utah Code § 7-3-36
Loans to officers, directors and stockholders
Utah · Utah Code Title 7 — Financial Institutions Act · Status: effective
Cite this
- Citation
- Utah Code § 7-3-36, Loans to officers, directors and stockholders, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2324419
- Permanent ID
ys:prov:2324419@1- SHA-256
68f54ec6cdc0199941a1a2f3ebc065e3dd731235351067485885417b0ed01333
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A bank may lend its funds or extend credit to any executive officer or director of the bank or to any person who directly or indirectly owns, controls, or has the power to vote 10% or more of any class of voting securities of the bank only in the manner and to the extent that the commissioner may prescribe by regulation. Any limitations imposed by the commissioner under this section may not be more restrictive than those prescribed by regulations issued by the bank's federal supervisory or insuring agency.