GroundRules
← Search the law
Utah · Through 2026 General Session

Utah Code § 7-9-19: Payments to expelled members -- Liability of member not relieved by expulsion.

Read at publisher ↗
Where this section sits in the code
  1. Title 7 Financial Institutions Act
  2. Chapter 7-9 Utah Credit Union Act

(1) Except in the case of liquidation or dissolution, the amount paid in on shares or deposited by members who have been expelled shall be paid to them with all accrued interest, in the order of expulsion.

(2) Payment shall be made only as funds become available.

(3) All amounts due the credit union by the expelled member shall be deducted by the credit union before any amounts are paid to the expelled member.

(4) Expulsion does not relieve a member from any liability to the credit union.

Collected 2026-09-03T11:34:33Z. Source file · JSON

Browse this collection