Utah Admin. Code R333-7-1 - Authority, Scope, and Purpose
(1)
This rule is issued pursuant to Subsection
7-1-301(8)(b)(i) and Section
7-3-3.2.
(2) This rule permits a state-chartered bank
to purchase for its own account shares of open-end investment companies subject
to certain restrictions.
(3) This
rule expands the eligible classes and types of investments for state-chartered
banks and gives them rights, privileges and powers granted to national
banks.
Notes
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