Utah § 7-9-27 Dividends -- Interest refunds.

Utah Statutes

§ 7-9-27 — Dividends -- Interest refunds.

Utah § 7-9-27

Title 7Financial Institutions Act

Ch. 7-9Utah Credit Union Act

This text of Utah § 7-9-27 (Dividends -- Interest refunds.) 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. § 7-9-27 (2026).

Text

(1)After allocations to required reserves, a credit union may declare and pay a dividend from current earnings and undivided earnings at the discretion of the board of directors and as provided in its bylaws.

(2)Dividends may be paid at different rates on different types or sizes of accounts.

(3)The board of directors may authorize any interest refunds on such classes of loans and under such conditions as the board authorizes.

(4)A credit union need not pay a dividend on any account less than the par value of one share.

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(1) After allocations to required reserves, a credit union may declare and pay a dividend from current earnings and undivided earnings at the discretion of the board of directors and as provided in its bylaws.
(2) Dividends may be paid at different rates on different types or sizes of accounts.
(3) The board of directors may authorize any interest refunds on such classes of loans and under such conditions as the board authorizes.
(4) A credit union need not pay a dividend on any account less than the par value of one share.