Utah Code 31A-27a-805. External audit of the receiver’s books
Current as of: 2024 | Check for updates
|
Other versions
(1) As used in this section, “books” means:
Terms Used In Utah Code 31A-27a-805
- Commissioner: is a s defined in Section 31A-1-301. See Utah Code 31A-27a-102
- Filed: means that a filing is:(69)(a)(i) submitted to the department as required by and in accordance with applicable statute, rule, or filing order;(69)(a)(ii) received by the department within the time period provided in applicable statute, rule, or filing order; and(69)(a)(iii) accompanied by the appropriate fee in accordance with:(69)(a)(iii)(A) Section
31A-3-103 ; or(69)(a)(iii)(B) rule. See Utah Code 31A-1-301- Order: means an order of the commissioner. See Utah Code 31A-1-301
- receiver: means the commissioner or the commissioner's designee, including a rehabilitator, liquidator, or ancillary receiver. See Utah Code 31A-27a-102
- receivership: means a rehabilitation, liquidation, or ancillary receivership. See Utah Code 31A-27a-102
- receivership court: refers to the court in which a delinquency proceeding is pending. See Utah Code 31A-27a-102
(1)(a) the business operations of the receiver;(1)(b) the accounting systems and procedures of the receiver; and(1)(c) the financial records of the receiver.(2)(2)(a) The receivership court may, as it considers desirable, order an audit to be made of the books of the receiver relating to any receivership established under this chapter.(2)(b) A report of each audit under this Subsection (1) shall be filed with:(2)(b)(i) the commissioner; and(2)(b)(ii) the receivership court.(3) The books of the receivership shall be made available to the auditor at any time without notice.(4) The expense of each audit shall be considered a cost of administration of the receivership.