Utah Code 7-3-13. Changes in articles of incorporation restricted
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Terms Used In Utah Code 7-3-13
- 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
No change shall be made in the articles of incorporation of any bank if the change would result in the impairment of the rights, remedies, or securities of depositors and other creditors of the bank.
Enacted by Chapter 16, 1981 General Session