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UTAH STATE SENATE
UTAH STATE CAPITOL COMPLEX * 320 STATE CAPITOL

P.O. BOX 145115 * SALT LAKE CITY, UTAH 84114-5115 * (801) 538-1035

        February 1, 2008

Mr. President:

    The Business and Labor Committee reports a favorable recommendation on S.B. 69, UNIFORM LIMITED COOPERATIVE ASSOCIATION ACT, by Senator L. Hillyard, with the following amendments:


1.    Page 14, Lines 408 through 410 :    

             408          (2)

{   The   }        Notwithstanding Section 48-2a-102, the       name of a limited cooperative association must contain the words "limited

             409      cooperative association" or "limited cooperative" or the abbreviation "L.C.A." or "LCA".
             410      "Limited" may be abbreviated as "Ltd.". "Cooperative" may be abbreviated as "Co-op" or


2.    Page 25, Line 771 through Page 26, Line 775 :    

             771          (3) The first annual report must be delivered to the division between January 1 and
             772      April 1 of the year following the calendar year in which the limited cooperative association is
             773      formed or the foreign cooperative is authorized to transact business in this state.
{   An   }        For subsequent years, an       annual

            

    774          report must be delivered to the division
{   between January 1 and April 1 of each subsequent             

    775          calendar year   }
  during the month in which falls the anniversary of the limited cooperative association's organization or the foreign cooperative's authorization to transact business       .


        Respectfully,

        Kevin T. VanTassell
        Committee Chair

Voting: 6-0-1
3 SB0069.SC1.wpd anicholson/AMN CRP/RCN 2/1/08 9:58 am

Bill Number
Action Class
Action Code

*SB0069*
*S*
*SCRAMD*

 SB0069
S
SCRAMD