State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-07 > 7-7-36

7-7-36. Actions necessary to avoid loss on loans and investments.
Nothing in this code shall be construed as denying to an association the right to invest itsfunds, operate a business, manage or deal in property, or take any other action reasonablynecessary over whatever period of time may reasonably be necessary to avoid loss on a loan orinvestment made or an obligation created in good faith.

Enacted by Chapter 16, 1981 General Session

State Codes and Statutes

Statutes > Utah > Title-07 > Chapter-07 > 7-7-36

7-7-36. Actions necessary to avoid loss on loans and investments.
Nothing in this code shall be construed as denying to an association the right to invest itsfunds, operate a business, manage or deal in property, or take any other action reasonablynecessary over whatever period of time may reasonably be necessary to avoid loss on a loan orinvestment made or an obligation created in good faith.

Enacted by Chapter 16, 1981 General Session