There is a newer version of the Utah Code
2012 Utah Code
Title 16 - Corporations
Article 16 - Uniform Limited Cooperative Association Act
- Section 101 - Title.
- Section 102 - Definitions.
- Section 103 - Limited cooperative association subject to amendment or repeal of chapter.
- Section 104 - Nature of limited cooperative association.
- Section 105 - Purpose and duration of limited cooperative association.
- Section 106 - Powers.
- Section 107 - Governing law.
- Section 108 - Supplemental principles of law.
- Section 109 - Requirements of other laws.
- Section 110 - Relation to restraint of trade and antitrust laws.
- Section 111 - Name.
- Section 112 - Reservation of name.
- Section 113 - Effect of organic rules.
- Section 114 - Required information.
- Section 115 - Business transactions of member with limited cooperative association.
- Section 116 - Dual capacity.
- Section 117 - Designated office and agent for service of process.
- Section 118 - Change of designated office or agent for service of process.
- Section 119 - Resignation of agent for service of process.
- Section 120 - Service of process.
- Section 201 - Signing of records delivered for filing to division.
- Section 202 - Signing and filing of records pursuant to judicial order.
- Section 203 - Delivery to and filing of records by division -- Effective time and date.
- Section 204 - Correcting filed record.
- Section 205 - Liability for inaccurate information in filed record.
- Section 206 - Certificate of good standing or authorization.
- Section 207 - Annual report for division.
- Section 208 - Filing fees.
- Section 301 - Organizers.
- Section 302 - Formation of limited cooperative association -- Articles of organization.
- Section 303 - Organization of limited cooperative association.
- Section 304 - Bylaws.
- Section 401 - Authority to amend organic rules.
- Section 402 - Notice and action on amendment of organic rules.
- Section 403 - Change to amendment of organic rules at meeting.
- Section 404 - Voting by district, class, or voting group.
- Section 405 - Approval of amendment.
- Section 406 - Restated articles of organization.
- Section 407 - Amendment or restatement of articles of organization -- Filing.
- Section 501 - Members.
- Section 502 - Becoming a member.
- Section 503 - No power as member to bind association.
- Section 504 - No liability as member for association's obligations.
- Section 505 - Right of member and former member to information.
- Section 506 - Annual meeting of members.
- Section 507 - Special meeting of members.
- Section 508 - Notice of members meeting.
- Section 509 - Waiver of members meeting notice.
- Section 510 - Quorum of members.
- Section 511 - Voting by patron members.
- Section 512 - Determination of voting power of patron member.
- Section 513 - Voting by investor members.
- Section 514 - Voting requirements for members.
- Section 515 - Manner of voting.
- Section 516 - Action without a meeting.
- Section 517 - Districts and delegates -- Classes of members.
- Section 601 - Member's interest.
- Section 602 - Patron and investor members' interests.
- Section 603 - Transferability of member's interest.
- Section 604 - Security interest and set-off.
- Section 605 - Charging orders for judgment creditor of member or transferee.
- Section 701 - Authority.
- Section 702 - Marketing contracts.
- Section 703 - Duration of marketing contract.
- Section 704 - Remedies for breach of contract.
- Section 801 - Board of directors.
- Section 802 - No liability as director for limited cooperative association's obligations.
- Section 803 - Qualifications of directors.
- Section 804 - Election of directors and composition of board.
- Section 805 - Term of director.
- Section 806 - Resignation of director.
- Section 807 - Removal of director.
- Section 808 - Suspension of director by board.
- Section 809 - Vacancy on board.
- Section 810 - Remuneration of directors.
- Section 811 - Meetings.
- Section 812 - Action without meeting.
- Section 813 - Meetings and notice.
- Section 814 - Waiver of notice of meeting.
- Section 815 - Quorum.
- Section 816 - Voting.
- Section 817 - Committees.
- Section 818 - Standards of conduct and liability.
- Section 819 - Conflict of interest.
- Section 820 - Other considerations of directors.
- Section 821 - Right of director or committee member to information.
- Section 822 - Appointment and authority of officers.
- Section 823 - Resignation and removal of officers.
- Section 901 - Indemnification.
- Section 1001 - Members' contributions.
- Section 1002 - Contribution and valuation.
- Section 1003 - Contribution agreements.
- Section 1004 - Allocations of profits and losses.
- Section 1005 - Distributions.
- Section 1006 - Redemption or repurchase.
- Section 1007 - Limitations on distributions.
- Section 1008 - Liability for improper distributions -- Limitation of action.
- Section 1009 - Alternative distribution of unclaimed property, distributions, redemptions, or payments.
- Section 1101 - Member's dissociation.
- Section 1102 - Effect of dissociation as member.
- Section 1103 - Power of estate of member.
- Section 1201 - Dissolution and winding up.
- Section 1202 - Nonjudicial dissolution.
- Section 1203 - Judicial dissolution.
- Section 1204 - Voluntary dissolution before commencement of activity.
- Section 1205 - Voluntary dissolution by the board and members.
- Section 1206 - Winding up.
- Section 1207 - Distribution of assets in winding up limited cooperative association.
- Section 1208 - Known claims against dissolved limited cooperative association.
- Section 1209 - Other claims against dissolved limited cooperative association.
- Section 1210 - Court proceeding.
- Section 1211 - Administrative dissolution.
- Section 1212 - Reinstatement following administrative dissolution.
- Section 1213 - Denial of reinstatement -- Appeal.
- Section 1214 - Statement of dissolution.
- Section 1215 - Statement of termination.
- Section 1301 - Derivative action.
- Section 1302 - Proper plaintiff.
- Section 1303 - Pleading.
- Section 1304 - Approval for discontinuance or settlement.
- Section 1305 - Proceeds and expenses.
- Section 1401 - Governing law.
- Section 1402 - Application for certificate of authority.
- Section 1403 - Activities not constituting transacting business.
- Section 1404 - Issuance of certificate of authority.
- Section 1405 - Noncomplying name of foreign cooperative.
- Section 1406 - Revocation of certificate of authority.
- Section 1407 - Cancellation of certificate of authority -- Effect of failure to have certificate.
- Section 1408 - Action by attorney general.
- Section 1501 - Disposition of assets not requiring member approval.
- Section 1502 - Member approval of other disposition of assets.
- Section 1503 - Notice and action on disposition of assets.
- Section 1504 - Disposition of assets.
- Section 1601 - Definitions.
- Section 1602 - Conversion.
- Section 1603 - Action on plan of conversion by converting limited cooperative association.
- Section 1604 - Filings required for conversion -- Effective date.
- Section 1605 - Effect of conversion.
- Section 1606 - Merger.
- Section 1607 - Notice and action on plan of merger by constituent limited cooperative association.
- Section 1608 - Approval or abandonment of merger by members.
- Section 1609 - Filings required for merger -- Effective date.
- Section 1610 - Effect of merger.
- Section 1611 - Consolidation.
- Section 1612 - Part not exclusive.
- Section 1701 - Uniformity of application and construction.
- Section 1702 - Relation to Electronic Signatures in Global and National Commerce Act.
- Section 1703 - Savings clause.
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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