Terms Used In Utah Code 7-2-4

• Commissioner: means the Commissioner of Financial Institutions. 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 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      The institution or other person may resume business only with the consent of and upon conditions approved by the commissioner. The commissioner may give his consent to resumption of business if arrangements have been made by the institution or its stockholders, by reorganization or otherwise, to the satisfaction of the commissioner, to pay all creditors of the institution, aside from the stockholders, and to remedy the default or condition for which possession was taken and to pay the expenses of the proceeding. Amended by Chapter 8, 1983 General Session   Previous section Next section    Chapter 2 Contents