16-16-820 - Other considerations of directors.
16-16-820. Other considerations of directors.
Unless the articles of organization otherwise provide, in considering the best interests of alimited cooperative association, a director of the association in discharging the duties of director,in conjunction with considering the long and short term interest of the association and its patronmembers, may consider:
(1) the interest of employees, customers, and suppliers of the association;
(2) the interest of the community in which the association operates; and
(3) other cooperative principles and values that may be applied in the context of thedecision.
Unless the articles of organization otherwise provide, in considering the best interests of alimited cooperative association, a director of the association in discharging the duties of director,in conjunction with considering the long and short term interest of the association and its patronmembers, may consider:
(1) the interest of employees, customers, and suppliers of the association;
(2) the interest of the community in which the association operates; and
(3) other cooperative principles and values that may be applied in the context of thedecision.
Enacted by Chapter 363, 2008 General Session