31A-5-104 - General corporate powers and procedures. - Utah Statutes

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Statutes > Utah > Title-31a > Chapter-05 > 31a-5-104

31A-5-104. General corporate powers and procedures.
(1) (a) Subject to other provisions of this code, Section 16-10a-302 applies to stock andmutual insurance corporations.
(b) Subject to other specific provisions of this title, a domestic insurance corporation mayparticipate in any activity permitted as a promoter, partner, member, associate, or manager of anypartnership, joint venture, trust, or other enterprise.
(2) Subsections 16-10a-303(2)(a) and (b) apply to stock corporations, and Section16-10a-622 applies to mutuals.
(3) Whenever a seal is required on a corporate document, writing or printing the word"Seal" constitutes a valid seal.
(4) In waiving notice and in informal actions by shareholders, members, or directors,Sections 16-10a-704, 16-10a-706, and 16-10a-823 apply to stock corporations, and Sections16-6a-705 and 16-6a-707 apply to mutuals.
(5) A life insurance corporation may hold assets under Section 31A-22-410 as generalcorporate assets or as trustee.

Amended by Chapter 300, 2000 General Session

State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-05 > 31a-5-104

31A-5-104. General corporate powers and procedures.
(1) (a) Subject to other provisions of this code, Section 16-10a-302 applies to stock andmutual insurance corporations.
(b) Subject to other specific provisions of this title, a domestic insurance corporation mayparticipate in any activity permitted as a promoter, partner, member, associate, or manager of anypartnership, joint venture, trust, or other enterprise.
(2) Subsections 16-10a-303(2)(a) and (b) apply to stock corporations, and Section16-10a-622 applies to mutuals.
(3) Whenever a seal is required on a corporate document, writing or printing the word"Seal" constitutes a valid seal.
(4) In waiving notice and in informal actions by shareholders, members, or directors,Sections 16-10a-704, 16-10a-706, and 16-10a-823 apply to stock corporations, and Sections16-6a-705 and 16-6a-707 apply to mutuals.
(5) A life insurance corporation may hold assets under Section 31A-22-410 as generalcorporate assets or as trustee.

Amended by Chapter 300, 2000 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-31a > Chapter-05 > 31a-5-104

31A-5-104. General corporate powers and procedures.
(1) (a) Subject to other provisions of this code, Section 16-10a-302 applies to stock andmutual insurance corporations.
(b) Subject to other specific provisions of this title, a domestic insurance corporation mayparticipate in any activity permitted as a promoter, partner, member, associate, or manager of anypartnership, joint venture, trust, or other enterprise.
(2) Subsections 16-10a-303(2)(a) and (b) apply to stock corporations, and Section16-10a-622 applies to mutuals.
(3) Whenever a seal is required on a corporate document, writing or printing the word"Seal" constitutes a valid seal.
(4) In waiving notice and in informal actions by shareholders, members, or directors,Sections 16-10a-704, 16-10a-706, and 16-10a-823 apply to stock corporations, and Sections16-6a-705 and 16-6a-707 apply to mutuals.
(5) A life insurance corporation may hold assets under Section 31A-22-410 as generalcorporate assets or as trustee.

Amended by Chapter 300, 2000 General Session