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·Title 7 Financial Institutions Act·Ch. 7-9 Utah Credit Union Act

(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.

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(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.

Utah § 7-9-24 (Compensation of directors, committee members, and president -- Expense reimbursement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.