Utah Code § 7-9-22
This is the official text of Utah Code § 7-9-22, part of Utah’s Code — part of the compiled statutory law of Utah, published by the state as "Code." Browse the sections below, each linked to its official government source.
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§ 7-9-22. Credit committee -- Credit manager.
Official statutory text
(1) A credit union's bylaws shall provide for a credit committee, credit manager, or combination of both to be responsible for credit functions of the credit union. The bylaws shall prescribe the duties and responsibilities of the credit committee, credit manager, or combination of both. (2) A director may not be a member of the credit committee. (3) The credit union president may be appointed as credit manager. If the president is appointed as the credit manager, the president may not receive dual compensation for serving in both capacities.
Status: in_force · Read it on the official government site
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