Utah § 7-1-510 - Examination of institutions -- Adoption of rules -- Requiring actions by institutions.
Full text of Utah Utah Code § 7-1-510 — Examination of institutions -- Adoption of rules -- Requiring actions by institutions., with citation guidance and answers to common questions.
§ 7-1-510. Examination of institutions -- Adoption of rules -- Requiring actions by institutions.
7-1-510. Examination of institutions -- Adoption of rules -- Requiring actions by institutions.
If the commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a financial institution, the commissioner may:
| (1) | examine the books and records of any financial institution holding company and require the company to furnish whatever reports that the commissioner considers appropriate to properly supervise the company's financial institution subsidiaries; |
| (2) | adopt and issue rules consistent with the purposes and provisions of this title as they pertain to financial institution holding companies; and |
| (3) | require a financial institution holding company to take any action the commissioner finds reasonable and necessary to protect the interests of depositors, other customers, and creditors of any subsidiary financial institution, to maintain its solvency or to prevent its failure. |
Amended by Chapter 302, 2025 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-1-510
What does Utah Code § 7-1-510 cover?
Section 7-1-510 ("Examination of institutions -- Adoption of rules -- Requiring actions by institutions.") 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 § 7-1-510?
A common citation format is "Utah Code § 7-1-510" (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 § 7-1-510 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.