48-2c-504 - Operating agreement for a one-member company. - Utah Statutes

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Statutes > Utah > Title-48 > Chapter-02c > 48-2c-504

48-2c-504. Operating agreement for a one-member company.
(1) A written declaration or written guidelines signed by the sole member of a companyconstitutes an operating agreement for purposes of this chapter if the member designates in thedeclaration or guidelines that the written declaration or guidelines constitutes the operatingagreement.
(2) The operating agreement of a company having only one member shall not beunenforceable by reason of there being only one person who is a party to the agreement.

Enacted by Chapter 260, 2001 General Session

State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-02c > 48-2c-504

48-2c-504. Operating agreement for a one-member company.
(1) A written declaration or written guidelines signed by the sole member of a companyconstitutes an operating agreement for purposes of this chapter if the member designates in thedeclaration or guidelines that the written declaration or guidelines constitutes the operatingagreement.
(2) The operating agreement of a company having only one member shall not beunenforceable by reason of there being only one person who is a party to the agreement.

Enacted by Chapter 260, 2001 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-02c > 48-2c-504

48-2c-504. Operating agreement for a one-member company.
(1) A written declaration or written guidelines signed by the sole member of a companyconstitutes an operating agreement for purposes of this chapter if the member designates in thedeclaration or guidelines that the written declaration or guidelines constitutes the operatingagreement.
(2) The operating agreement of a company having only one member shall not beunenforceable by reason of there being only one person who is a party to the agreement.

Enacted by Chapter 260, 2001 General Session