Utah Code 7-1-103.5. Control
Current as of: 2023 | Check for updates
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7-1-103.5. Control.
(1) | There is a rebuttable presumption that a person has control of a financial institution if the person has the power, directly or indirectly, or through or in concert with one or more persons, to vote more than 10% but less than 25% of any class of voting securities of a financial institution. |
(a) | direct or exercise a controlling influence over:
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(b) | vote 25% or more of any class of voting securities of a financial institution. See Utah Code 7-1-103
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