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Utah Code

Chapter 2

Utah Code Ann. tit. 7, ch. 2

Possession of Depository Institution by Commissioner

7-2-1Supervisory actions by commissioner -- Grounds -- Mergers or acquisitions authorized by commissioner -- Possession of business and property taken by commissioner.7-2-2Action to review the commissioner's actions -- Supervision of actions of commissioner in possession -- Authority of commissioner and court.7-2-3Action for injunction against commissioner in possession -- Procedure -- Appeal.7-2-4Consent required for institution to resume business.7-2-5Appointment of receiver or assignment for creditors -- Notice required -- Commissioner taking possession.7-2-6Possession by commissioner -- Notice -- Presentation, allowance, and disallowance of claims -- Objections to claims.7-2-7Stay of proceedings against institution -- Relief.7-2-8Special deputies or agents -- Appointment -- Bond.7-2-9Conservatorship, receivership, or liquidation of institution -- Appointment of receiver -- Review of actions.7-2-10Inventory of assets -- Listings of claims -- Report of proceedings -- Filing -- Inspection.7-2-11Special counsel -- Employment by attorney general.7-2-12Powers of commissioner in possession -- Sale of assets -- Postpossession financing -- New deposit instruments -- Executory contracts -- Transfer of property -- Avoidance of transfers -- Avoidable preferences -- Setoff.7-2-13Collections in liquidation -- Deposit -- Preference.7-2-14Expenses during possession.7-2-15Priority of obligations, expenses, and claims -- Distribution of balance of assets.7-2-16Interim ratable dividends.7-2-17Disposition of records after liquidation.7-2-18Plan for reorganization or liquidation of institution -- Hearing -- Procedure -- Effect -- Appeals.7-2-19Suspension of payments by institution -- Order of commissioner -- Approval of governor -- Period effective -- Exempt payments -- Operation during suspension -- Modification of orders -- Adoption of rules and regulations.7-2-21Applicability of Utah Procurement Code.7-2-22Termination of authority to transact business.7-2-23Limitation of action -- Tolling of period.