Utah § 7-9-19 - Payments to expelled members -- Liability of member not relieved by expulsion.
Full text of Utah Utah Code § 7-9-19 — Payments to expelled members -- Liability of member not relieved by expulsion., with citation guidance and answers to common questions.
§ 7-9-19. Payments to expelled members -- Liability of member not relieved by expulsion.
| (1) | Except in the case of liquidation or dissolution, the amount paid in on shares or deposited by members who have been expelled shall be paid to them with all accrued interest, in the order of expulsion. |
| (2) | Payment shall be made only as funds become available. |
| (3) | All amounts due the credit union by the expelled member shall be deducted by the credit union before any amounts are paid to the expelled member. |
| (4) | Expulsion does not relieve a member from any liability to the credit union. |
Amended by Chapter 378, 2010 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-9-19
What does Utah Code § 7-9-19 cover?
Section 7-9-19 ("Payments to expelled members -- Liability of member not relieved by expulsion.") 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 § 7-9-19?
A common citation format is "Utah Code § 7-9-19" (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 § 7-9-19 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.