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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 7-9-48

A credit union must follow federal share and deposit insurance disclosure rules, and an uninsured credit union must give notice that deposits and shares are not federally insured.

Source excerpt

credit union insurance disclosurescredit unionsdeposit insurance disclosureshare insurance disclosure
Jurisdiction
United States — Utah
Status
In force
Dates
Legal dates not recorded
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01

Purpose and legislative effect

“A credit union must follow federal share and deposit insurance disclosure rules, and an uninsured credit union must give notice that deposits and shares are not federally insured.”

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02

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03

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Subsection 7-9-48(1)

A credit union must comply with share and deposit insurance disclosure requirements set by the National Credit Union Administration or its successor.

Section 7-9-48(1)

Subsection 7-9-48(2)

In addition to the disclosure requirements described in Subsection (1) , a credit union that in accordance with Subsection 7-9-45(2) is not insured by the National Credit Union Administration or successor federal deposit insurance agency

Section 7-9-48(2)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Legal dates not recorded

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Showing 3 of 3 provisions

Provision 3
§ 7-9-48Disclosure of share and deposit insurance -- Disclosure if secured through securities.Provision

Source excerpt

A credit union must follow federal share and deposit insurance disclosure rules, and an uninsured credit union must give notice that deposits and shares are not federally insured.

Disclosure of share and deposit insurance -- Disclosure if secured through securities. A credit union shall comply with all share and deposit insurance disclosure requirements of the National Credit Union Administration or its successor agency. In addition to the disclosure requirements described in Subsection (1) , a credit union that in accordance with Subsection 7-9-45(2) is not insured by the National Credit Union Administration or successor federal deposit insurance agency shall provide, as prescribed by rule or order, notice that deposits and shares in the credit union are not insured by a federal deposit insurance agency.
Section 7-9-48Verify source
§ 7-9-48(1)Subsection 7-9-48(1)Provision

Source excerpt

A credit union must comply with share and deposit insurance disclosure requirements set by the National Credit Union Administration or its successor.

A credit union shall comply with all share and deposit insurance disclosure requirements of the National Credit Union Administration or its successor agency.
Section 7-9-48(1)Verify source
§ 7-9-48(2)Subsection 7-9-48(2)Provision

Source excerpt

In addition to the disclosure requirements described in Subsection (1) , a credit union that in accordance with Subsection 7-9-45(2) is not insured by the National Credit Union Administration or successor federal deposit insurance agency

In addition to the disclosure requirements described in Subsection (1) , a credit union that in accordance with Subsection 7-9-45(2) is not insured by the National Credit Union Administration or successor federal deposit insurance agency shall provide, as prescribed by rule or order, notice that deposits and shares in the credit union are not insured by a federal deposit insurance agency.
Section 7-9-48(2)Verify source

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