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 § 7-9-46

Title 7Financial Institutions Act

Ch. 7-9Utah Credit Union Act

This text of Utah § 7-9-46 (Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.) 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. § 7-9-46 (2026).

Text

(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

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

(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.