7-9-39.5. Supervisory merger.
79 words·~1 min read·
/ut/title-7/chapter-9/7-9-39-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/13/2014
7-9-39.5. Supervisory merger.
If a credit union is merged with another credit union as a result of a supervisory action under Chapter 2, Possession of Depository Institution by Commissioner , or Chapter 19, Acquisition of Failing Depository Institutions or Holding Companies , the commissioner may permit the surviving credit union to have a field of membership that is larger than a field of membership permitted under Section 7-9-51 .
Amended by Chapter 189 , 2014 General Session