Utah Code -- Title 16 -- Chapter 16 -- Uniform Limited Cooperative Association Act

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Updated: 11 January 2012

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16-16-101 Title.

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16-16-102 Definitions.

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16-16-103 Limited cooperative association subject to amendment or repeal of chapter.

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16-16-104 Nature of limited cooperative association.

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16-16-105 Purpose and duration of limited cooperative association.

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16-16-106 Powers.

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16-16-107 Governing law.

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16-16-108 Supplemental principles of law.

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16-16-109 Requirements of other laws.

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16-16-110 Relation to restraint of trade and antitrust laws.

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16-16-111 (Superseded 07/01/12) Name.

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16-16-112 Reservation of name.

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16-16-113 Effect of organic rules.

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16-16-114 Required information.

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16-16-115 Business transactions of member with limited cooperative association.

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16-16-116 Dual capacity.

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16-16-117 Designated office and agent for service of process.

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16-16-118 Change of designated office or agent for service of process.

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16-16-119 Resignation of agent for service of process.

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16-16-120 Service of process.

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16-16-201 Signing of records delivered for filing to division.

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16-16-202 Signing and filing of records pursuant to judicial order.

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16-16-203 Delivery to and filing of records by division -- Effective time and date.

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16-16-204 Correcting filed record.

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16-16-205 Liability for inaccurate information in filed record.

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16-16-206 Certificate of good standing or authorization.

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16-16-207 Annual report for division.

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16-16-208 Filing fees.

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16-16-301 Organizers.

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16-16-302 Formation of limited cooperative association -- Articles of organization.

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16-16-303 Organization of limited cooperative association.

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16-16-304 Bylaws.

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16-16-401 Authority to amend organic rules.

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16-16-402 Notice and action on amendment of organic rules.

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16-16-403 Change to amendment of organic rules at meeting.

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16-16-404 Voting by district, class, or voting group.

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16-16-405 Approval of amendment.

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16-16-406 Restated articles of organization.

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16-16-407 Amendment or restatement of articles of organization -- Filing.

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16-16-501 Members.

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16-16-502 Becoming a member.

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16-16-503 No power as member to bind association.

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16-16-504 No liability as member for association's obligations.

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16-16-505 Right of member and former member to information.

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16-16-506 Annual meeting of members.

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16-16-507 Special meeting of members.

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16-16-508 Notice of members meeting.

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16-16-509 Waiver of members meeting notice.

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16-16-510 Quorum of members.

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16-16-511 Voting by patron members.

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16-16-512 Determination of voting power of patron member.

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16-16-513 Voting by investor members.

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16-16-514 Voting requirements for members.

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16-16-515 Manner of voting.

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16-16-516 Action without a meeting.

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16-16-517 Districts and delegates -- Classes of members.

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16-16-601 Member's interest.

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

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16-16-603 Transferability of member's interest.

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16-16-604 Security interest and set-off.

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16-16-605 Charging orders for judgment creditor of member or transferee.

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16-16-701 Authority.

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16-16-702 Marketing contracts.

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16-16-703 Duration of marketing contract.

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16-16-704 Remedies for breach of contract.

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16-16-801 Board of directors.

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16-16-802 No liability as director for limited cooperative association's obligations.

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16-16-803 Qualifications of directors.

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16-16-804 Election of directors and composition of board.

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16-16-805 Term of director.

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16-16-806 Resignation of director.

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16-16-807 Removal of director.

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16-16-808 Suspension of director by board.

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16-16-809 Vacancy on board.

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16-16-810 Remuneration of directors.

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16-16-811 Meetings.

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16-16-812 Action without meeting.

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16-16-813 Meetings and notice.

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16-16-814 Waiver of notice of meeting.

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16-16-815 Quorum.

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16-16-816 Voting.

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16-16-817 Committees.

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16-16-818 Standards of conduct and liability.

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16-16-819 Conflict of interest.

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16-16-820 Other considerations of directors.

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16-16-821 Right of director or committee member to information.

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16-16-822 Appointment and authority of officers.

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16-16-823 Resignation and removal of officers.

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16-16-901 Indemnification.

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16-16-1001 Members' contributions.

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16-16-1002 Contribution and valuation.

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16-16-1003 Contribution agreements.

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16-16-1004 Allocations of profits and losses.

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16-16-1005 Distributions.

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16-16-1006 Redemption or repurchase.

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16-16-1007 Limitations on distributions.

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16-16-1008 Liability for improper distributions -- Limitation of action.

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16-16-1009 Alternative distribution of unclaimed property, distributions, redemptions, or payments.

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16-16-1101 Member's dissociation.

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16-16-1102 Effect of dissociation as member.

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16-16-1103 Power of estate of member.

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16-16-1201 Dissolution and winding up.

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16-16-1202 Nonjudicial dissolution.

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16-16-1203 Judicial dissolution.

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16-16-1204 Voluntary dissolution before commencement of activity.

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16-16-1205 Voluntary dissolution by the board and members.

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16-16-1206 Winding up.

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16-16-1207 Distribution of assets in winding up limited cooperative association.

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16-16-1208 Known claims against dissolved limited cooperative association.

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16-16-1209 Other claims against dissolved limited cooperative association.

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16-16-1210 Court proceeding.

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16-16-1211 Administrative dissolution.

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16-16-1212 Reinstatement following administrative dissolution.

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16-16-1213 Denial of reinstatement -- Appeal.

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16-16-1214 Statement of dissolution.

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16-16-1215 Statement of termination.

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16-16-1301 Derivative action.

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16-16-1302 Proper plaintiff.

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16-16-1303 Pleading.

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16-16-1304 Approval for discontinuance or settlement.

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16-16-1305 Proceeds and expenses.

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16-16-1401 Governing law.

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16-16-1402 Application for certificate of authority.

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16-16-1403 Activities not constituting transacting business.

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16-16-1404 Issuance of certificate of authority.

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16-16-1405 Noncomplying name of foreign cooperative.

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16-16-1406 Revocation of certificate of authority.

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16-16-1407 Cancellation of certificate of authority -- Effect of failure to have certificate.

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16-16-1408 Action by attorney general.

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16-16-1501 Disposition of assets not requiring member approval.

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16-16-1502 Member approval of other disposition of assets.

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16-16-1503 Notice and action on disposition of assets.

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16-16-1504 Disposition of assets.

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16-16-1601 Definitions.

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16-16-1602 Conversion.

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16-16-1603 Action on plan of conversion by converting limited cooperative association.

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16-16-1604 Filings required for conversion -- Effective date.

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16-16-1605 Effect of conversion.

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16-16-1606 Merger.

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16-16-1607 Notice and action on plan of merger by constituent limited cooperative association.

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16-16-1608 Approval or abandonment of merger by members.

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16-16-1609 Filings required for merger -- Effective date.

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16-16-1610 Effect of merger.

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16-16-1611 Consolidation.

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16-16-1612 Part not exclusive.

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16-16-1701 Uniformity of application and construction.

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16-16-1702 Relation to Electronic Signatures in Global and National Commerce Act.

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16-16-1703 Savings clause.

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means this portion of the Utah Code has been modified since the last update on 1 November 2011.