Utah Code 7-9-12. Contents of bylaws
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The bylaws of a credit union shall specify at least the following:
(1) the name of the credit union;
Terms Used In Utah Code 7-9-12
- Credit union: means a cooperative, nonprofit association incorporated under:(6)(a) Chapter 9, Utah Credit Union Act; or(6)(b) Utah Code 7-1-103
- Field of membership: means persons designated as eligible for credit union membership in accordance with:
(6)(b) the bylaws of the credit union. See Utah Code 7-9-3- Quorum: The number of legislators that must be present to do business.
(2) the purpose for which the credit union was formed;(4) the number of directors and procedures for their election;(5) the term of directors;(6) whether a credit manager, credit committee, or combination of both shall be responsible for credit functions of the credit union;(7) the duties of the officers;(8) the time of year of the annual meeting of members;(9) the manner in which members shall be notified of meetings;(10) the number of members which shall constitute a quorum at meetings;(11) the manner of amending;(12) the manner in which officers may act as surety; and(13) such other matters, rules, and regulations as the board of directors consider necessary. - Field of membership: means persons designated as eligible for credit union membership in accordance with: