Utah § 7-9-46 - Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.

Full text of Utah Utah Code § 7-9-46 — Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination., with citation guidance and answers to common questions.

§ 7-9-46. Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.

7-9-46.  Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.
(1) As used in this section "out-of-state credit union" means any credit union whose home state is not Utah.
(2) An out-of-state credit union may maintain a branch in this state only if:
(a) maintaining the Utah branch is permissible under applicable law, including Sections 7-1-702 and 7-1-708 in the case of a state chartered credit union;
(b) the branch has been authorized by:
(i) the department and the chartering authority of the credit union's home state in the case of a state chartered credit union; or
(ii) the National Credit Union Administration or successor agency in the case of a federally chartered credit union; and
(c) the branch will not serve a member of the out-of-state credit union who is a member of the credit union based solely on the member residing in a geographic area located in whole or in part in Utah.
(3) The commissioner may examine and supervise all out-of-state credit unions with a branch in the state, except federal credit unions, in the same manner as the commissioner examines and supervises credit unions in this state.


Amended by Chapter 327, 2003 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 7-9-46

What does Utah Code § 7-9-46 cover?

Section 7-9-46 ("Out-of-state credit unions -- Authorization to do business in state -- Supervision -- Examination.") 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.

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Is this the official text of Utah law?

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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.

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