Utah § 7-2-23 - Limitation of action -- Tolling of period.

Full text of Utah Utah Code § 7-2-23 — Limitation of action -- Tolling of period., with citation guidance and answers to common questions.

§ 7-2-23. Limitation of action -- Tolling of period.

7-2-23.  Limitation of action -- Tolling of period.
(1) If applicable law, an order entered in any proceeding, any cause of action arising under this chapter, or an agreement, fixes a period within which the institution, the commissioner, or any receiver or liquidator appointed under Section 7-2-9 may commence an action, and the period has not expired before the date of possession by the commissioner, the receiver or liquidator may commence an action only before the later of:
(a) the end of the period;
(b) three years after the date of appointment of a receiver or liquidator under Section 7-2-9; or
(c) three years after the date of possession by the commissioner.
(2) No statute of limitations as to any cause of action against an officer or director of a depository institution begins to run as to the commissioner or any receiver or liquidator appointed under Section 7-2-9 until the date the commissioner takes possession of the institution under this chapter.


Enacted by Chapter 267, 1989 General Session

Source: official Utah text · Last verified 2026-08-27

Related Utah Legal Topics

Frequently Asked Questions About Utah § 7-2-23

What does Utah Code § 7-2-23 cover?

Section 7-2-23 ("Limitation of action -- Tolling of period.") 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 § 7-2-23?

A common citation format is "Utah Code § 7-2-23" (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 § 7-2-23 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.