UTAH CODE (Last Updated: January 16, 2015)

§ 7-9-39.5. Supervisory merger. (Effective 5/13/2014)

Latest version.

If a credit union is merged with another credit union as a result of a supervisory action under Chapter 2, Possession of Depository Institution by Commissioner, or Chapter 19, Acquisition of Failing Depository Institutions or Holding Companies, the commissioner may permit the surviving credit union to have a field of membership that is larger than a field of membership permitted under Section 7-9-51.

Amended by Chapter 189, 2014 General Session

                    
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