Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“A credit union must keep its books, records, accounting systems, and procedures according to rules the commissioner may set or Chapter 1. The commissioner must consider the credit union’s size and ability to comply when setting those rules. A credit union is not liable for destroying records after the required retentio”
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02
How the instrument operates
- 01
Start with the recorded version
Legal dates not recorded. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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A credit union must keep its books, records, accounting systems, and procedures according to rules the commissioner may set or Chapter 1. The commissioner must consider the credit union’s size and ability to comply when setting those rules.…
Section 7-9-42
A credit union must maintain its books, records, accounting systems, and procedures under rules the commissioner may prescribe or under Chapter 1, General Provisions.
Section 7-9-42(1)
When prescribing these rules, the commissioner must consider the size of a credit union and its ability to comply.
Section 7-9-42(2)
A credit union is not liable for destroying records after the record-retention time set by rule has expired.
Section 7-9-42(3)
A photostatic or photographic reproduction of any credit union records shall be admissible as evidence of transactions with the credit union.
Section 7-9-42(4)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Legal dates not recorded
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.