Utah Admin. Code R333-7-2 - Definitions
(1) "Open-end
investment company" is one in which the shares are purchased or sold at par.
The fund must be an open-ended investment company registered with the
Securities and Exchange Commission under the Investment Company Act of 1940 and
Securities Act of 1933 or a privately offered fund sponsored by an affiliated
commercial bank.
(2) "Total
capital" means the sum of capital stock, surplus, undivided profits, reserves
for loan losses, reserve for contingencies, and subordinated notes and
debentures with more than one year maturity.
Notes
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