7-2-3 - Action for injunction against commissioner in possession -- Procedure -- Appeal. - Utah Statutes

7-2-3. Action for injunction against commissioner in possession -- Procedure --Appeal.
(1) (a) Whenever any institution or other person of which the commissioner has takenpossession considers itself aggrieved by the taking, it may within 10 days after the taking apply tothe court to enjoin further proceedings.
(b) After ordering the commissioner to show cause why further proceedings should notbe enjoined and after hearing the allegations and proofs of the parties and determining the facts,the court may:
(i) dismiss the application; or
(ii) enjoin the commissioner from further proceedings if the court finds the taking to bearbitrary, capricious, an abuse of discretion, or otherwise contrary to law.
(c) If the court enjoins further proceedings, it shall order the commissioner to surrenderpossession of the institution in a manner and on terms designated by the court in the publicinterest.
(d) Notice of any hearings shall be given to persons designated by the court in themanner designated by the court.
(2) An appeal may be taken by the commissioner, a receiver, or liquidator appointed bythe commissioner under Section 7-2-9, or by the institution from the judgment of the court asprovided by law. An appeal from the judgment does not stay any judgment in favor of thecommissioner, or a receiver or liquidator appointed by him. If the appeal is taken by thecommissioner, or by a receiver or liquidator appointed by him, no bond is required. If the appealis taken by the institution, a bond is required as provided by the Utah Rules of Civil Procedure.

Amended by Chapter 200, 1994 General Session