There is a newer version of the Utah Code
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2016 Utah Code
Title 7 - Financial Institutions Act
Chapter 9 - Utah Credit Union Act
Section 24 - Compensation of directors, committee members, and president -- Expense reimbursement.

UT Code § 7-9-24 (2016) What's This?
7-9-24. Compensation of directors, committee members, and president -- Expense reimbursement.
  • (1) A member of the board of directors, credit committee, or supervisory committee may not receive any compensation for services as such, except that the reimbursement of reasonable expenses incurred in the execution of the duties of the position may not be considered compensation.
  • (2) Any member of a credit union who incurs any expenses or performs any service authorized by the board of directors may be compensated or reimbursed for the expenses or services in an amount approved by the board of directors.
  • (3) The board of directors shall determine the compensation for a president appointed as general manager.


Amended by Chapter 182, 1996 General Session

Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.