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

Utah Statutes

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

Utah § 7-9-19

Title 7Financial Institutions Act

Ch. 7-9Utah Credit Union Act

This text of Utah § 7-9-19 (Payments to expelled members -- Liability of member not relieved by expulsion.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 7-9-19 (2026).

Text

(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.

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(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.