United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-9-21, 1981

The board of directors must elect a chairman, one or more vice chairmen, and a secretary at its first meeting held within 30 days after each annual members’ meeting. Those officers are the credit…

board electionexecutive officersterms of office

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01

Purpose and legislative effect

“The board of directors must elect a chairman, one or more vice chairmen, and a secretary at its first meeting held within 30 days after each annual members’ meeting. Those officers are the credit union’s executive officers, may act for the board on delegated matters under the bylaws, and the board-appointed president m”

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02

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Executive officers -- Election -- Power -- Terms.

The board of directors must elect a chairman, one or more vice chairmen, and a secretary at its first meeting held within 30 days after each annual members’ meeting. Those officers are the credit union’s executive officers, may act for…

Section 7-9-21

Subsection 7-9-21(1)

The board of directors must elect a board chairman, one or more vice chairmen, and a secretary at its first meeting held within 30 days after each annual meeting of the members.

Section 7-9-21(1)

Subsection 7-9-21(2)

The executive officers may act for the board in matters delegated to them by the board, as provided in the bylaws, however, the president appointed by the board, who may be a member of the board, shall take active direction of the credit

Section 7-9-21(2)

Subsection 7-9-21(3)

The terms of the executive officers shall be one year or until their successors are chosen by the board of directors and have been duly qualified.

Section 7-9-21(3)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Enacted 1981

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Showing 4 of 4 provisions

Provision 4
§ 7-9-21Executive officers -- Election -- Power -- Terms.Provision

The board of directors must elect a chairman, one or more vice chairmen, and a secretary at its first meeting held within 30 days after each annual members’ meeting. Those officers are the credit union’s executive officers, may act for the board on delegated matters under the bylaws, and the board-appointed president must direct the credit union’s operations. Their terms are one year or until successors are chosen and qualified.

Executive officers -- Election -- Power -- Terms. At their first meeting held within 30 days following each annual meeting of the members, the board of directors shall elect from their own number a board chairman, one or more vice chairmen, and a secretary. These officers shall be the executive officers of the credit union. The executive officers may act for the board in matters delegated to them by the board, as provided in the bylaws, however, the president appointed by the board, who may be a member of the board, shall take active direction of the credit union's operation, as prescribed in this chapter or in the bylaws. The terms of the executive officers shall be one year or until their successors are chosen by the board of directors and have been duly qualified.
Section 7-9-21Verify source
§ 7-9-21(1)Subsection 7-9-21(1)Provision

The board of directors must elect a board chairman, one or more vice chairmen, and a secretary at its first meeting held within 30 days after each annual meeting of the members.

At their first meeting held within 30 days following each annual meeting of the members, the board of directors shall elect from their own number a board chairman, one or more vice chairmen, and a secretary. These officers shall be the executive officers of the credit union.
Section 7-9-21(1)Verify source
§ 7-9-21(2)Subsection 7-9-21(2)Provision

The executive officers may act for the board in matters delegated to them by the board, as provided in the bylaws, however, the president appointed by the board, who may be a member of the board, shall take active direction of the credit

The executive officers may act for the board in matters delegated to them by the board, as provided in the bylaws, however, the president appointed by the board, who may be a member of the board, shall take active direction of the credit union's operation, as prescribed in this chapter or in the bylaws.
Section 7-9-21(2)Verify source
§ 7-9-21(3)Subsection 7-9-21(3)Provision

The terms of the executive officers shall be one year or until their successors are chosen by the board of directors and have been duly qualified.

The terms of the executive officers shall be one year or until their successors are chosen by the board of directors and have been duly qualified.
Section 7-9-21(3)Verify source

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