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Corporations | |
Utah Revised Nonprofit Corporation Act | |
Section 607 | Creditor's action against member. |
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16-6a-607. Creditor's action against member. A proceeding may not be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless: (1) (a) final judgment has been rendered in favor of the creditor against the nonprofit corporation; and (b) execution has been returned unsatisfied in whole or in part; or (2) a proceeding described in Subsection (1) would be useless.
Enacted by Chapter 300, 2000 General Session |
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