Utah § 7-9-46 Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.

Utah Statutes

§ 7-9-46 — Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.

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

(1)As used in this section "out-of-state credit union" means any credit union whose home state is not Utah.

(2)An out-of-state credit union may maintain a branch in this state only if:

(2)(a) maintaining the Utah branch is permissible under applicable law, including Sections 7-1-702 and 7-1-708 in the case of a state chartered credit union;

(2)(b) the branch has been authorized by:

(2)(b)(i) the department and the chartering authority of the credit union's home state in the case of a state chartered credit union; or

(2)(b)(ii) the National Credit Union Administration or successor agency in the case of a federally chartered credit union; and

(2)(c) the branch will not serve a member of the out-of-state credit union who is a member of the credit union based solely on the member residing i

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(1) As used in this section "out-of-state credit union" means any credit union whose home state is not Utah.
(2) An out-of-state credit union may maintain a branch in this state only if:

(2)(a) maintaining the Utah branch is permissible under applicable law, including Sections 7-1-702 and 7-1-708 in the case of a state chartered credit union;
(2)(b) the branch has been authorized by:
(2)(b)(i) the department and the chartering authority of the credit union's home state in the case of a state chartered credit union; or
(2)(b)(ii) the National Credit Union Administration or successor agency in the case of a federally chartered credit union; and
(2)(c) the branch will not serve a member of the out-of-state credit union who is a member of the credit union based solely on the member residing in a geographic area located in whole or in part in Utah.
(3) The commissioner may examine and supervise all out-of-state credit unions with a branch in the state, except federal credit unions, in the same manner as the commissioner examines and supervises credit unions in this state.

Utah § 7-9-46 (Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.