Utah § 7-19-5 - Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner.
Full text of Utah Utah Code § 7-19-5 — Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner., with citation guidance and answers to common questions.
§ 7-19-5. Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner.
7-19-5. Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner.
The commissioner may not authorize or require any transaction pursuant to Section 7-19-2 unless the commissioner determines that:
| (1) | the acquiring or resulting depository institution or depository institution holding company has demonstrated an acceptable record of meeting the credit needs of the communities which it serves; and |
| (2) | the acquiring or resulting depository institution or depository institution holding company has a record of sound performance, capital adequacy, financial capacity, and efficient management such that the acquisition or merger will not jeopardize the financial stability of the acquired or merged depository institution and will not be detrimental to the interests of depositors, creditors, other customers of the depository institution, or to the public. |
Amended by Chapter 302, 2025 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-19-5
What does Utah Code § 7-19-5 cover?
Section 7-19-5 ("Findings prerequisite to requiring or authorizing supervisory acquisitions or mergers by commissioner.") 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 § 7-19-5?
A common citation format is "Utah Code § 7-19-5" (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 § 7-19-5 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.