UTAH CODE (Last Updated: January 16, 2015) |
Title 7. Financial Institutions Act |
Chapter 2. Possession of Depository Institution by Commissioner |
§ 7-2-16. Interim ratable dividends.
Latest version.
- At any time after the expiration of the date fixed for the presentation of claims and prior to the declaration of a final dividend the commissioner may, out of the funds remaining in his hands after the payment of expenses, declare and pay, subject to their priorities established under Section 7-2-15, one or more interim ratable dividends to any person and in the amount and upon such notice as the court directs.
Amended by Chapter 267, 1989 General Session