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2021 Utah Code
Title 7 - Financial Institutions Act
Chapter 9 - Utah Credit Union Act
Section 42 - Record requirements.
Universal Citation:
UT Code § 7-9-42 (2021)
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Effective 5/13/2014
7-9-42. Record requirements.
Amended by Chapter 189, 2014 General Session
7-9-42. Record requirements.
- (1) A credit union shall maintain all books, records, accounting systems, and procedures in accordance with rules the commissioner may prescribe or in accordance with Chapter 1, General Provisions.
- (2) In prescribing these rules, the commissioner shall consider the size of a credit union and its ability to comply.
- (3) A credit union is not liable for destroying records after the expiration of the record retention time prescribed by the rules.
- (4) A photostatic or photographic reproduction of any credit union records shall be admissible as evidence of transactions with the credit union.
Amended by Chapter 189, 2014 General Session
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