Utah § 16-16-1102 Effect of dissociation as member.

Utah Statutes

§ 16-16-1102 — Effect of dissociation as member.

Utah § 16-16-1102

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-11Dissociation

This text of Utah § 16-16-1102 (Effect of dissociation as member.) 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. § 16-16-1102 (2026).

Text

(1)Upon a member's dissociation:

(1)(a) subject to Section 16-16-1103, the person has no further rights as a member; and

(1)(b) subject to Section 16-16-1103 and Part 16, Conversion and Merger, any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee.

(2)A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or liability to the limited cooperative association which the person incurred under the organic rules, by contract, or by other means while a member.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Upon a member's dissociation:

(1)(a) subject to Section 16-16-1103, the person has no further rights as a member; and
(1)(b) subject to Section 16-16-1103 and Part 16, Conversion and Merger, any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee.
(2) A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or liability to the limited cooperative association which the person incurred under the organic rules, by contract, or by other means while a member.