Section 305 – Exemptions.

7-24-305. Exemptions.
The following are not subject to the requirements of this chapter:

• (1) a depository institution;

• (2) a depository institution holding company; or

• (3) an institution directly or indirectly owned or controlled by one or more:
  • (a) depository institutions; or
  • (b) depository institution holding companies.

Enacted by Chapter 236, 2003 General Session