Utah Admin. Code R331-24-1 - Authority, Scope, and Purpose
(1)
This rule is issued pursuant to Section
7-1-301(14).
(2) This rule applies to all state chartered
banks and industrial loan corporations.
(3) The purpose of this rule is to establish
accounting requirements for accrued uncollected income to help ensure accurate
accounting of the income of banks and industrial loan corporations.
Notes
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