R339-4-5

R339-4-5. Use as Capital

Last amended: 2022Length: 49 wordsOfficial source

Cite as Utah Admin. Code R339-4-5

(1) The outstanding principal amount of subordinated capital notes or debentures not maturing within one year shall be added to the capital of the issuing industrial loan corporation for the purpose of determining the amount of "total capital" under the provisions of Sections 7-8-5(1) and 7-8-14 and Rule R339-6.
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