State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-07 > 7-7-27

7-7-27. Liquidity prerequisite for loans and investments.
No association shall invest in any security, other than in liquid assets, or in any loan at anytime when its liquid assets are less than 4% of its savings liability unless the commissioner hasissued written approval.

Enacted by Chapter 16, 1981 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-07 > 7-7-27

7-7-27. Liquidity prerequisite for loans and investments.
No association shall invest in any security, other than in liquid assets, or in any loan at anytime when its liquid assets are less than 4% of its savings liability unless the commissioner hasissued written approval.

Enacted by Chapter 16, 1981 General Session