Title 7, Title 7: Financial Institutions Act

7-18a-201. Authorization required to transact business as a foreign depository institution agency, branch, or representative office. (1) It is unlawful for a foreign depository institution to transact business in this state unless it transacts business through an agency, branch, …

7-18a-202. Application and fee to establish, relocate, or discontinue a foreign depository institution agency, branch, or representative office -- Certificate of authority. (1) To obtain a certificate of authority to transact business through an agency, branch, or representative …

7-18a-203. No concurrent maintenance of agencies or branches. (1) A foreign depository institution authorized under this chapter to transact business through an agency or branch may not concurrently transact business in this state through an agency or branch authorized under fede…

7-18a-204. Filing of amendments to articles of incorporation. (1) If a foreign depository institution authorized by this state to transact business in this state through an agency, branch, or representative office amends its articles of incorporation, the institution shall file w…

7-18a-205. Amended certificate of authority to establish an agency, branch, or representative office. (1) A foreign depository institution authorized by this state to transact business in this state through an agency, branch, or representative office shall secure an amended certi…

7-18a-206. Change of control of foreign depository institution. A foreign depository institution authorized by this state to transact business through an agency, branch, or representative office in this state shall file with the commissioner a notice, in such form and containing …

7-18a-207. Annual renewal of certificate of authority. (1) A foreign depository institution may renew a certificate of authority, issued under Section, to transact business in this state through an agency, branch, or representative office in a form prescribed by the commissioner.…

7-18a-301. Powers of an agency, branch, or representative office of a foreign depository institution. (1) Subject to the limitations set forth in Subsectionsand, and notwithstanding any other law of this state, a foreign depository institution authorized by this state to transact…

7-18a-302. Trust business. A foreign depository institution may not engage in the trust business, as that term is defined in Section, in this state.

7-18a-401. Separate assets. (1) Each foreign depository institution authorized to transact business in this state through an agency or branch shall keep the assets of its business in this state separate and apart from the assets of its business outside this state. (2) The credito…

7-18a-402. Disclosure of lack of deposit insurance. Each foreign depository institution authorized to transact business in this state through an agency or branch shall give notice to the customers of the foreign depository institution, as prescribed by rule or order, that deposit…

7-18a-403. Asset maintenance. (1) Each foreign depository institution authorized to transact business in this state through an agency or branch shall hold assets in this state consisting of currency, bonds, notes, debentures, drafts, bills of exchange, or other evidences of indeb…

7-18a-501. Supervisory actions by commissioner. A foreign depository institution authorized by this state to transact business in this state through an agency, branch, or representative office is subject to supervisory actions by the commissioner under, or, if the commissioner, w…

7-18a-502. Distribution of balance of assets. (1) This section supersedes Subsection. 7-2-15(3) (2) When the commissioner has paid claims of each depositor and creditor of the foreign depository institution's agency or branch in this state whose claims have been proved and allowe…