The commissioner may waive any of the procedures of Section 7-1-705 or any regulation of the department if the commissioner considers it necessary to protect the interest of depositors, creditors, and other customers of a failing or failed depository institution or failing or failed depository institution holding company in a supervisory merger or a supervisory acquisition.
Utah Code § 7-19-3
Waiver of procedures
Amended by Chapter 302, 2025 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.