Utah § 7-3-36 - Loans to officers, directors and stockholders.
Full text of Utah Utah Code § 7-3-36 — Loans to officers, directors and stockholders., with citation guidance and answers to common questions.
§ 7-3-36. Loans to officers, directors and stockholders.
A bank may lend its funds or extend credit to any executive officer or director of the bank or to any person who directly or indirectly owns, controls, or has the power to vote 10% or more of any class of voting securities of the bank only in the manner and to the extent that the commissioner may prescribe by regulation. Any limitations imposed by the commissioner under this section may not be more restrictive than those prescribed by regulations issued by the bank's federal supervisory or insuring agency.
Amended by Chapter 8, 1983 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-3-36
What does Utah Code § 7-3-36 cover?
Section 7-3-36 ("Loans to officers, directors and stockholders.") 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 § 7-3-36?
A common citation format is "Utah Code § 7-3-36" (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 § 7-3-36 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.