Utah Code 7-9-42. Record requirements
Current as of: 2023 | Check for updates
|
Other versions
(1) | A credit union shall maintain all books, records, accounting systems, and procedures in accordance with rules the commissioner may prescribe or in accordance with Chapter 1, General Provisions. |
(a) | Chapter 9, Utah Credit Union Act; or |
(b) | 12 U. See Utah Code 7-1-103 |
(2) | In prescribing these rules, the commissioner shall consider the size of a credit union and its ability to comply. |
(3) | A credit union is not liable for destroying records after the expiration of the record retention time prescribed by the rules. |
(4) | A photostatic or photographic reproduction of any credit union records shall be admissible as evidence of transactions with the credit union. |
Amended by Chapter 189, 2014 General Session