Chapter 07 - Savings and Loan Associations Act
- 7-7-1 - Citation of chapter -- Application of Utah Revised Business Corporation Act.
- 7-7-2 - Definitions.
- 7-7-3 - Incorporators -- Certificate of authority -- Articles of incorporation -- Amendment -- Bylaws -- Liability for debts of association.
- 7-7-3.1 - Limitation of personal liability of directors.
- 7-7-3.2 - General limitation on liability.
- 7-7-3.3 - Deposit insurance required.
- 7-7-4 - Mutual association -- Chair of incorporators -- Surety bond or escrow -- Capital requirements -- Expense fund -- Organization meeting.
- 7-7-5 - Capital stock association -- Chair of incorporators -- Surety bond or escrow -- Capital requirements -- Surplus -- Acquisition of own stock -- Organization meeting.
- 7-7-6 - Name requirements -- Establishment or changing location of offices.
- 7-7-7 - Conversion of associations.
- 7-7-8 - Reorganization, merger or consolidation of association.
- 7-7-9 - Dissolution of association.
- 7-7-10 - Meetings of mutual association members -- Voting -- Notice.
- 7-7-11 - Meetings of stock association stockholders -- Voting -- Notice.
- 7-7-12 - Inspection of books and records -- Confidentiality -- Communication between members or stockholders.
- 7-7-13 - Board of directors -- Number -- Election -- Qualifications -- Disqualification -- Terms -- Vacancies -- Removal.
- 7-7-14 - Bonding of directors, officers, employees, and collection agents.
- 7-7-15 - Fiduciary relationship of directors and officers to association -- Disclosure requirements -- Prohibitions -- Violations as misdemeanors.
- 7-7-16 - Depositories used by associations.
- 7-7-17 - Indemnification of directors, officers, and employees.
- 7-7-18 - Operating or management contract terms.
- 7-7-19 - Record and accounting requirements -- Valuation of assets.
- 7-7-20 - Reserve and net worth requirements.
- 7-7-21 - Powers of associations.
- 7-7-22 - Savings accounts -- Liabilities -- Opening -- Relationship between association and account holder -- Earnings -- Preferences -- Types of accounts.
- 7-7-23 - Savings accounts as legal investments and as deposits.
- 7-7-24 - Earnings on savings accounts.
- 7-7-25 - Withdrawal or transfer of savings accounts.
- 7-7-26 - Redemption of savings accounts.
- 7-7-27 - Liquidity prerequisite for loans and investments.
- 7-7-28 - Investments by associations.
- 7-7-29 - Investment in service organizations, business development credit corporations, and service corporations.
- 7-7-30 - Investment in property used in conduct of business -- Investment in manner not prohibited by law.
- 7-7-31 - Investment in real estate for sale or income production -- Purchase of real estate securing loan.
- 7-7-32 - Agreements committing assets to lines of credit -- Stock ownership or affiliation with credit card companies.
- 7-7-33 - Investments in loans -- Payments to protect real estate loans -- Requiring borrower to pay taxes, insurance, and other charges on real estate in advance.
- 7-7-34 - Charging borrower for expenses and services for real estate loan.
- 7-7-35 - Sale of real estate securities -- Dealing with buyer -- Liability of original borrower.
- 7-7-36 - Actions necessary to avoid loss on loans and investments.
- 7-7-38 - Reports and examinations required -- Access to records.
- 7-7-40 - Federal associations.
- 7-7-41 - Additional powers of associations belonging to federal home loan bank system.
- 7-7-42 - Members, stockholders or employees not disqualified to take acknowledgments or proofs.
- 7-7-43 - Previously incorporated associations.
- 7-7-44 - Chapter controls over inconsistent laws.