Utah § 18a-201 - Authorization required to transact business as a foreign depository institution agency, branch, or representative office.
Full text of Utah Utah Code § 18a-201 — Authorization required to transact business as a foreign depository institution agency, branch, or representative office., with citation guidance and answers to common questions.
§ 18a-201. Authorization required to transact business as a foreign depository institution agency, branch, or representative office.
| (1) | It is unlawful for a foreign depository institution to transact business in this state unless it transacts business through an agency, branch, or representative office authorized by the department or an agency of the federal government. |
| (2) | Notwithstanding Subsection (1), a foreign depository institution that is not authorized to transact business through an agency, branch, or representative office in this state may make or enforce loans made in this state secured by liens on real or personal property located in this state. |
| (3) | A foreign depository institution authorized to transact business through an agency, branch, or representative office in this state may transact business as an agent for an affiliated depository institution in accordance with Section 7-1-716. |
| (4) | For purposes of Subsection (1), a foreign depository institution is not considered to be transacting business in this state solely because a subsidiary or affiliate transacts business in this state, including business that any depository institution subsidiary or affiliate may lawfully conduct in this state as an agent for the foreign depository institution in accordance with the laws of this state. |
Enacted by Chapter 63, 1996 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 18a-201
What does Utah Code § 18a-201 cover?
Section 18a-201 ("Authorization required to transact business as a foreign depository institution agency, branch, or representative office.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 18a-201?
A common citation format is "Utah Code § 18a-201" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 18a-201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.