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the Utah Code
2014 Utah Code
Title 7 - Financial Institutions Act
Chapter 9 - Utah Credit Union Act
Section 33 - Lien and right of set off of credit union.
Universal Citation:
7-9-33. Lien and right of set off of credit union.
UT Code ยง 7-9-33 (2014)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
| (1) | A credit union shall have a lien and right of set off on a member's individual, joint, multiple party, or transaction accounts, including any accumulated dividend or interest, for any sum due the credit union from the member. |
| (2) | All funds in the account at any time are subject to the lien and right of set off. |
| (3) | A security interest in the funds shall be perfected by restricting withdrawals of the funds. |
| (4) | A lien under this section does not apply if:
|
Amended by Chapter 182, 1996 General Session
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