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

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Updated: 23 July 2008

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    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 May 2008.

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Last revised: 23 July 2008

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