2012 Utah Code
Title 16 - Corporations
Article 16 - Uniform Limited Cooperative Association Act
Section 602 - Patron and investor members' interests.


UT Code § 16-16-602 (2012) What's This?

16-16-602. Patron and investor members' interests.

(1) Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest.

(2) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:

(a) if admitted as a patron member, remains a patron member;

(b) if admitted as an investor member, remains an investor member; and

(c) if admitted as a patron member and investor member, remains a patron and investor member if not dissociated in one of the capacities.


Enacted by Chapter 363, 2008 General Session

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