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.

Amended by Chapter 327, 2003 General Session
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Last revised: Thursday, May 28, 2009