| << Previous Section (7-9-11) | Next Section (7-9-13) >> |
Financial Institutions Act | |
Utah Credit Union Act | |
Section 12 | Contents of bylaws. |
|
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 |
| << Previous Section (7-9-11) | Next Section (7-9-13) >> |