Utah § 7-9-24 Compensation of directors, committee members, and president -- Expense reimbursement.

Utah Statutes

§ 7-9-24 — Compensation of directors, committee members, and president -- Expense reimbursement.

Utah § 7-9-24

Title 7Financial Institutions Act

Ch. 7-9Utah Credit Union Act

This text of Utah § 7-9-24 (Compensation of directors, committee members, and president -- Expense reimbursement.) 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. § 7-9-24 (2026).

Text

(1)A member of the board of directors, credit committee, or supervisory committee may not receive any compensation for services as such, except that the reimbursement of reasonable expenses incurred in the execution of the duties of the position may not be considered compensation.

(2)Any member of a credit union who incurs any expenses or performs any service authorized by the board of directors may be compensated or reimbursed for the expenses or services in an amount approved by the board of directors.

(3)The board of directors shall determine the compensation for a president appointed as general manager.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A member of the board of directors, credit committee, or supervisory committee may not receive any compensation for services as such, except that the reimbursement of reasonable expenses incurred in the execution of the duties of the position may not be considered compensation.
(2) Any member of a credit union who incurs any expenses or performs any service authorized by the board of directors may be compensated or reimbursed for the expenses or services in an amount approved by the board of directors.
(3) The board of directors shall determine the compensation for a president appointed as general manager.