State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-03 > 7-3-2

7-3-2. Restrictions on conduct of banking business.
(1) The establishment or operation in this state of private or partnership banks is expresslyprohibited.
(2) An institution may establish or maintain a main office or branch in this state at whichto conduct banking business only if:
(a) it is legitimately chartered as a bank by a state, the federal government, or a foreigngovernment; and
(b) in the case of a bank whose home state is not Utah, it is authorized to have a branch inUtah under the laws of this state and the laws of its home state.

Amended by Chapter 49, 1995 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-03 > 7-3-2

7-3-2. Restrictions on conduct of banking business.
(1) The establishment or operation in this state of private or partnership banks is expresslyprohibited.
(2) An institution may establish or maintain a main office or branch in this state at whichto conduct banking business only if:
(a) it is legitimately chartered as a bank by a state, the federal government, or a foreigngovernment; and
(b) in the case of a bank whose home state is not Utah, it is authorized to have a branch inUtah under the laws of this state and the laws of its home state.

Amended by Chapter 49, 1995 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-03 > 7-3-2

7-3-2. Restrictions on conduct of banking business.
(1) The establishment or operation in this state of private or partnership banks is expresslyprohibited.
(2) An institution may establish or maintain a main office or branch in this state at whichto conduct banking business only if:
(a) it is legitimately chartered as a bank by a state, the federal government, or a foreigngovernment; and
(b) in the case of a bank whose home state is not Utah, it is authorized to have a branch inUtah under the laws of this state and the laws of its home state.

Amended by Chapter 49, 1995 General Session