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20 chapters · 367 sections in this title.
Utah Code § 7-8-11 Dividends.
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7-8-11. Dividends. (1) The board of directors of an industrial bank may declare a dividend out of the net profits of the industrial bank after providing for all expenses, losses, interest, and taxes accrued or due from the industrial bank in accordance with this section. (2) The …
Utah Code § 7-8-13 Real estate acquisition, holding, and conveyance.
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7-8-13. Real estate acquisition, holding, and conveyance. An industrial bank may purchase, hold, and convey real estate, other than premises used in the conduct of its business, only for the purposes and in a manner prescribed by rule.
Utah Code § 7-8-14 Investment in property used in conduct of business.
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7-8-14. Investment in property used in conduct of business. (1) An industrial bank may invest in premises, equipment, and other property used in conducting its own business, as the board of directors may approve by resolution. This property may include: real property and any inte…
Utah Code § 7-8-15 Bad debts.
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7-8-15. Bad debts. (1) All demand and matured debts due to any industrial bank on which interest is past due and has not been paid for a period of six months, unless they are well secured and in the process of collection, are considered bad debts and shall be charged off to the p…