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2021 Utah Code
Title 3 - Uniform Agricultural Cooperative Association Act
Chapter 1 - General Provisions Relating to Agricultural Cooperative Associations
Section 42 - Association's records.
Universal Citation:
UT Code § 3-1-42 (2021)
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3-1-42. Association's records.
Enacted by Chapter 204, 1994 General Session
- (1) An association shall keep as permanent records:
- (a) minutes of meetings of its members and board of directors;
- (b) a record of each action taken by the consent of the members or board of directors without a meeting;
- (c) a record of each action taken on behalf of the association by a committee of the board of directors in place of the board of directors; and
- (d) a record of waivers of notices of meetings of members, board of directors, or committees of the board of directors.
- (2) An association shall maintain:
- (a) appropriate accounting records; and
- (b) a record of the names and addresses of its members and shareholders.
- (3) An association shall maintain its records in written form or in a form capable of being converted into written form within a reasonable time.
- (4) An association shall keep a copy of the following records at its principal office:
- (a) its most current articles of incorporation;
- (b) its most current bylaws;
- (c) the minutes of meetings of members, board of directors, and committees for the past three years;
- (d) a list of the names and business addresses of its current officers and directors;
- (e) its most recent annual reports delivered to the division as provided under Section 3-1-25; and
- (f) financial statements prepared for periods ending during the last three years.
Enacted by Chapter 204, 1994 General Session
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