- (1) This rule is issued pursuant to Sections 7-1-301 and 7-3-18.
- (2) This rule applies to all banks chartered by the State of Utah.
- (3) The purpose of this rule is to authorize state-chartered banks with sufficient capital to invest in real property other than bank premises and prescribe requirements and restrictions to govern such activities.
KEY: banks and banking, real estate investment
Date of Last Change: 1995
Notice of Continuation: September 15, 2022
Authorizing, and Implemented or Interpreted Law: 7-1-301; 7-3-18