Utah § 7-9-24 - Compensation of directors, committee members, and president -- Expense reimbursement.
Full text of Utah Utah Code § 7-9-24 — Compensation of directors, committee members, and president -- Expense reimbursement., with citation guidance and answers to common questions.
§ 7-9-24. Compensation of directors, committee members, and president -- Expense reimbursement.
| (1) | A member of the board of directors, credit committee, or supervisory committee may not receive any compensation for services as such, except that the reimbursement of reasonable expenses incurred in the execution of the duties of the position may not be considered compensation. |
| (2) | Any member of a credit union who incurs any expenses or performs any service authorized by the board of directors may be compensated or reimbursed for the expenses or services in an amount approved by the board of directors. |
| (3) | The board of directors shall determine the compensation for a president appointed as general manager. |
Amended by Chapter 182, 1996 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-9-24
What does Utah Code § 7-9-24 cover?
Section 7-9-24 ("Compensation of directors, committee members, and president -- Expense reimbursement.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 7-9-24?
A common citation format is "Utah Code § 7-9-24" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 7-9-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.