Utah Code > Title 7 > Chapter 18a > Part 3 – Powers
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§ 7-18a-301 | Powers of an agency, branch, or representative office of a foreign depository institution |
§ 7-18a-302 | Trust business |
Terms Used In Utah Code > Title 7 > Chapter 18a > Part 3 - Powers
- Agency: means a place of business of a foreign depository institution located in this state that is authorized to exercise the powers permitted in Section 7-18a-301. See Utah Code 7-18a-102
- Bank: means a person authorized under the laws of this state, another state, or the United States to accept deposits from the public. See Utah Code 7-1-103
- Banking business: means the offering of deposit accounts to the public and the conduct of such other business activities as may be authorized by this title. See Utah Code 7-1-103
- Branch: when used in reference to a foreign depository institution, means a place of business of a foreign depository institution located in this state that is authorized to exercise the powers permitted in Section 7-18a-301. See Utah Code 7-18a-102
- Commissioner: means the Commissioner of Financial Institutions. See Utah Code 7-1-103
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Depository institution: means a bank, savings and loan association, savings bank, industrial bank, credit union, or other institution that:
(a) holds or receives deposits, savings, or share accounts; (b) issues certificates of deposit; or (c) provides to its customers other depository accounts that are subject to withdrawal by checks, drafts, or other instruments or by electronic means to effect third party payments. See Utah Code 7-1-103 - Foreign depository institution: means a depository institution chartered or authorized to transact business by a foreign government. See Utah Code 7-1-103
- Institution: means :
(a) a corporation; (b) a limited liability company; (c) a partnership; (d) a trust; (e) an association; (f) a joint venture; (g) a pool; (h) a syndicate; (i) an unincorporated organization; or (j) any form of business entity. See Utah Code 7-1-103 - Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Oath: includes "affirmation. See Utah Code 68-3-12.5
- Oath: A promise to tell the truth.
- Person: means :
(a) an individual; (b) a corporation; (c) a limited liability company; (d) a partnership; (e) a trust; (f) an association; (g) a joint venture; (h) a pool; (i) a syndicate; (j) a sole proprietorship; (k) an unincorporated organization; or (l) any form of business entity. See Utah Code 7-1-103 - Representative office: means a place of business of a foreign depository institution located in this state that is authorized to exercise powers permitted in Section 7-18a-301. See Utah Code 7-18a-102
- State: means , unless the context demands otherwise:
(a) a state; (b) the District of Columbia; or (c) the territories of the United States. See Utah Code 7-1-103 - United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
- Utah depository institution: means a depository institution whose home state is Utah. See Utah Code 7-1-103