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Section 12 - Contents of bylaws.

UT Code § 7-9-12 (2019) (N/A)
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(1) the name of the credit union;

(2) the purpose for which the credit union was formed;

(3) a field of membership of the credit union that complies with Section 7-9-51 or 7-9-53;

(4) the number of directors and procedures for their election;

(5) the term of directors;

(6) whether a credit manager, credit committee, or combination of both shall be responsible for credit functions of the credit union;

(7) the duties of the officers;

(8) the time of year of the annual meeting of members;

(9) the manner in which members shall be notified of meetings;

(10) the number of members which shall constitute a quorum at meetings;

(11) the manner of amending;

(12) the manner in which officers may act as surety; and

(13) such other matters, rules, and regulations as the board of directors consider necessary.

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Section 11 - Bylaws and amendments to be approved.
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