Utah § 16-16-105 Purpose and duration of limited cooperative association.

Utah Statutes

§ 16-16-105 — Purpose and duration of limited cooperative association.

Utah § 16-16-105

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-1General Provisions

This text of Utah § 16-16-105 (Purpose and duration of limited cooperative association.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 16-16-105 (2026).

Text

(1)A limited cooperative association is an entity distinct from its members.

(2)A limited cooperative association may be organized for any lawful purpose, whether or not for profit, except for the operation of a financial institution as defined in Section 7-1-103.

(3)Unless the articles of organization state a term for a limited cooperative association's existence, the association has perpetual duration.

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(1) A limited cooperative association is an entity distinct from its members.
(2) A limited cooperative association may be organized for any lawful purpose, whether or not for profit, except for the operation of a financial institution as defined in Section 7-1-103.
(3) Unless the articles of organization state a term for a limited cooperative association's existence, the association has perpetual duration.