There is a newer version
of
this Section
2018 Utah Code
Title 16 - Corporations
Chapter 16 - Uniform Limited Cooperative Association Act
Part 1 - General Provisions
Section 105 - Purpose and duration of limited cooperative association.
Universal Citation: UT Code § 16-16-105 (2018)
16-16-105. Purpose and duration of limited cooperative association.
Enacted by Chapter 363, 2008 General Session
- (1) A limited cooperative association is an entity distinct from its members.
- (2) A limited cooperative association may be organized for any lawful purpose, whether or not for profit, except for the operation of a financial institution as defined in Section 7-1-103.
- (3) Unless the articles of organization state a term for a limited cooperative association's existence, the association has perpetual duration.
Enacted by Chapter 363, 2008 General Session
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
