7-1-508 - Conviction for fraud or dishonest conduct as disqualification to serve as officer, director or employee or to take control of a depository institution -- Violation as misdemeanor. - Utah Statutes

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Statutes > Utah > Title-07 > Chapter-01 > 7-1-508

7-1-508. Conviction for fraud or dishonest conduct as disqualification to serve asofficer, director or employee or to take control of a depository institution -- Violation asmisdemeanor.
Except as may be expressly authorized by the commissioner, no person convicted of afelony or a misdemeanor involving fraud or dishonest conduct may serve as an officer, director,or employee of a depository institution. No such person, acting directly or indirectly or through orin concert with any one or more persons may acquire control of any depository institution.Violation of this paragraph is a class A misdemeanor.

Enacted by Chapter 16, 1981 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-508

7-1-508. Conviction for fraud or dishonest conduct as disqualification to serve asofficer, director or employee or to take control of a depository institution -- Violation asmisdemeanor.
Except as may be expressly authorized by the commissioner, no person convicted of afelony or a misdemeanor involving fraud or dishonest conduct may serve as an officer, director,or employee of a depository institution. No such person, acting directly or indirectly or through orin concert with any one or more persons may acquire control of any depository institution.Violation of this paragraph is a class A misdemeanor.

Enacted by Chapter 16, 1981 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-01 > 7-1-508

7-1-508. Conviction for fraud or dishonest conduct as disqualification to serve asofficer, director or employee or to take control of a depository institution -- Violation asmisdemeanor.
Except as may be expressly authorized by the commissioner, no person convicted of afelony or a misdemeanor involving fraud or dishonest conduct may serve as an officer, director,or employee of a depository institution. No such person, acting directly or indirectly or through orin concert with any one or more persons may acquire control of any depository institution.Violation of this paragraph is a class A misdemeanor.

Enacted by Chapter 16, 1981 General Session