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Code · Utah · Title 7 — Financial Institutions Act · Chapter 9

7-9-17. Membership officer -- Appointment -- Eligibility -- Function -- Appeals from.

148 words·~1 min read·/ut/title-7/chapter-9/7-9-17

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7-9-17. Membership officer -- Appointment -- Eligibility -- Function -- Appeals from.
(1)One or more membership officers may be appointed by the board of directors.
(2)A membership officer may approve applications for membership under conditions prescribed by the board of directors and the bylaws.
(3)A membership officer shall be appointed from among the members of the credit union.
(4)A president, vice president, or loan officer may not serve as a membership officer.
(5)The membership officer authorized to approve membership shall submit to the board of directors at each monthly meeting a list of approved or pending applications for membership received since the previous monthly meeting, and other related information as the board or the bylaws may require.
(6)A person denied membership by a membership officer may appeal the denial to the board of directors.
Enacted by Chapter 16 , 1981 General Session
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