“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.
Terms Used In Utah Code 7-18a-102
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
United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
(2)
“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.
(3)
“Foreign person” means a person who is a citizen or national of a country, including any colony, dependency, or possession of such country, other than the United States.
(4)
“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.
