Go to Previous Versions
of
this Section
2025 Utah Code
Title 7 - Financial Institutions Act
Chapter 9 - Utah Credit Union Act
Section 46 - Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.
Universal Citation:
UT Code § 7-9-46 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
7-9-46. Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.
Amended by Chapter 327, 2003 General Session
- (1) As used in this section "out-of-state credit union" means any credit union whose home state is not Utah.
- (2) An out-of-state credit union may maintain a branch in this state only if:
- (a) maintaining the Utah branch is permissible under applicable law, including Sections 7-1-702 and 7-1-708 in the case of a state chartered credit union;
- (b) the branch has been authorized by:
- (i) the department and the chartering authority of the credit union's home state in the case of a state chartered credit union; or
- (ii) the National Credit Union Administration or successor agency in the case of a federally chartered credit union; and
- (c) the branch will not serve a member of the out-of-state credit union who is a member of the credit union based solely on the member residing in a geographic area located in whole or in part in Utah.
- (3) The commissioner may examine and supervise all out-of-state credit unions with a branch in the state, except federal credit unions, in the same manner as the commissioner examines and supervises credit unions in this state.
Amended by Chapter 327, 2003 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.
