State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-16 > 16-16-1502

16-16-1502. Member approval of other disposition of assets.
A sale, lease, exchange, license, or other disposition of assets of a limited cooperativeassociation, other than a disposition described in Section 16-16-1501, requires approval of theassociation's members under Sections 16-16-1503 and 16-16-1504 if the disposition leaves theassociation without significant continuing business activity.

Enacted by Chapter 363, 2008 General Session

State Codes and Statutes

Statutes > Utah > Title-16 > Chapter-16 > 16-16-1502

16-16-1502. Member approval of other disposition of assets.
A sale, lease, exchange, license, or other disposition of assets of a limited cooperativeassociation, other than a disposition described in Section 16-16-1501, requires approval of theassociation's members under Sections 16-16-1503 and 16-16-1504 if the disposition leaves theassociation without significant continuing business activity.

Enacted by Chapter 363, 2008 General Session