7-9-48. Disclosure of share and deposit insurance -- Disclosure if secured through
securities.
(1) A credit union shall comply with all share and deposit insurance disclosure
requirements of the National Credit Union Administration or its successor agency.
(2) In addition to the disclosure requirements described in Subsection (1), a credit union
that in accordance with Subsection 7-9-45(2) is not insured by the National Credit Union
Administration or successor federal deposit insurance agency shall provide, as prescribed by rule
or order, notice that deposits and shares in the credit union are not insured by a federal deposit
insurance agency.
Amended by Chapter 329, 1999 General Session
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Last revised: Thursday, May 28, 2009