Utah § 18a-203 - No concurrent maintenance of agencies or branches.
Full text of Utah Utah Code § 18a-203 — No concurrent maintenance of agencies or branches., with citation guidance and answers to common questions.
§ 18a-203. No concurrent maintenance of agencies or branches.
| (1) | A foreign depository institution authorized under this chapter to transact business through an agency or branch may not concurrently transact business in this state through an agency or branch authorized under federal law. |
| (2) | A foreign depository institution authorized under federal law to transact business through an agency or branch in this state may not concurrently transact business through an agency or branch authorized under this chapter. |
| (3) | A foreign depository institution authorized to transact business through an agency may not concurrently transact business through a branch in this state. |
| (4) | A foreign depository institution authorized to transact business through a branch may not concurrently transact business through an agency in this state. |
| (5) | Subsections (1) through (4) do not prohibit a foreign depository institution authorized to transact business through an agency or branch in this state from transacting business through a representative office. |
Enacted by Chapter 63, 1996 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 18a-203
What does Utah Code § 18a-203 cover?
Section 18a-203 ("No concurrent maintenance of agencies or branches.") 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-203?
A common citation format is "Utah Code § 18a-203" (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-203 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.