Utah Code § 7-9-12

Current with legislation effective through 5/2/2024

Section 7-9-12 - Contents of bylaws

The bylaws of a credit union shall specify at least the following:

(1) the name of the credit union;

(2) the purpose for which the credit union was formed;

(3) a field of membership of the credit union that complies with Section 7-9-51 or 7-9-53;

(4) the number of directors and procedures for their election;

(5) the term of directors;

(6) whether a credit manager, credit committee, or combination of both shall be responsible for credit functions of the credit union;

(7) the duties of the officers;

(8) the time of year of the annual meeting of members;

(9) the manner in which members shall be notified of meetings;

(10) the number of members which shall constitute a quorum at meetings;

(11) the manner of amending;

(12) the manner in which officers may act as surety; and

(13) such other matters, rules, and regulations as the board of directors consider necessary.

Utah Code § 7-9-12

Amended by Chapter 327, 2003 General Session.