Chapter

Utah Credit Union Act

Title 7 — Financial Institutions Act §§ 7-9-1–7-9-59

Utah Code § 7-9-1— Title
Utah Code § 7-9-2— Description of credit unions
Utah Code § 7-9-3— Definitions
Utah Code § 7-9-5— Powers of credit unions
Utah Code § 7-9-6— Formation of corporation to conduct credit union -- Approval of commissioner
Utah Code § 7-9-7— Forms furnished by commissioner
Utah Code § 7-9-9— Amendment of articles of incorporation
Utah Code § 7-9-10— Filing amendment
Utah Code § 7-9-11— Bylaws and amendments to be approved
Utah Code § 7-9-12— Contents of bylaws
Utah Code § 7-9-13— Fiscal year
Utah Code § 7-9-14— Meetings
Utah Code § 7-9-15— Appeals from board of directors or committees
Utah Code § 7-9-16— Members -- Eligibility -- Liability -- Grounds for closing account -- Denial of membership
Utah Code § 7-9-17— Membership officer -- Appointment -- Eligibility -- Function -- Appeals from
Utah Code § 7-9-18— Expulsion of member
Utah Code § 7-9-19— Payments to expelled members -- Liability of member not relieved by expulsion
Utah Code § 7-9-20— Board of directors -- Powers and duties -- Loan limitations
Utah Code § 7-9-21— Executive officers -- Election -- Power -- Terms
Utah Code § 7-9-22— Credit committee -- Credit manager
Utah Code § 7-9-23— Supervisory committee -- Duties -- Suspension or removal of officer, director, or credit committee member
Utah Code § 7-9-24— Compensation of directors, committee members, and president -- Expense reimbursement
Utah Code § 7-9-25— Shares -- Number unlimited -- Subscription and payment -- Par value -- Ownership required for membership -- Dormant accounts
Utah Code § 7-9-26— Loans to members -- Investment officers -- Investments
Utah Code § 7-9-27— Dividends -- Interest refunds
Utah Code § 7-9-28— Loan to credit union official
Utah Code § 7-9-29— Allowance account for loan losses
Utah Code § 7-9-30— Reserve requirements -- "Risk assets" defined
Utah Code § 7-9-31— Shares held in trust
Utah Code § 7-9-32— Joint accounts -- Accounts providing for payment to designated person on death of owner or owners
Utah Code § 7-9-33— Lien and right of set off of credit union
Utah Code § 7-9-34— Tax exemption of credit unions
Utah Code § 7-9-36— Dissolution
Utah Code § 7-9-37— Transfer of members of dissolved, merged, consolidated, transferred, or acquired credit union
Utah Code § 7-9-39— Voluntary merger
Utah Code § 7-9-39.5— Supervisory merger
Utah Code § 7-9-42— Record requirements
Utah Code § 7-9-44— Corporate central credit union
Utah Code § 7-9-45— Insurance of shares and deposits -- Security on shares and deposits
Utah Code § 7-9-46— Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination
Utah Code § 7-9-48— Disclosure of share and deposit insurance -- Disclosure if secured through securities
Utah Code § 7-9-49— Limitation of personal liability of directors and committee members
Utah Code § 7-9-50— General limitation on liability
Utah Code § 7-9-51— Field of membership
Utah Code § 7-9-52— Expansion of a field of membership
Utah Code § 7-9-53— Grandfathering
Utah Code § 7-9-55— Nonexempt credit unions
Utah Code § 7-9-58— Limitations on credit extended by nonexempt credit unions
Utah Code § 7-9-59— Credit union service organizations -- Limitations on providing services through other entities