7-19-4 - Rights and powers of acquired or resulting institution or holding company. - Utah Statutes

7-19-4. Rights and powers of acquired or resulting institution or holding company.
Any depository institution or depository institution holding company acquired, or theresulting institution in a merger under the provisions of this chapter, has all the rights, powers, andprivileges of any other depository institution of the same class under the laws of this state, therules of the department, the applicable laws of the United States or any other state, and the rulesand regulations of the primary federal regulatory agency with jurisdiction over that institution.These rights, powers, and privileges include, but are not limited to, acquiring control of, mergingwith, acquiring all or a portion of the assets of, or assuming all or a portion of the liabilities of, aUtah depository institution or Utah depository institution holding company.

Amended by Chapter 1, 1986 General Session