Utah § 16-16-1202 Nonjudicial dissolution.

Utah Statutes

§ 16-16-1202 — Nonjudicial dissolution.

Utah § 16-16-1202

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-12Dissolution

This text of Utah § 16-16-1202 (Nonjudicial dissolution.) 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. § 16-16-1202 (2026).

Text

Except as otherwise provided in Sections 16-16-1203 and 16-16-1211, a limited cooperative association is dissolved and its activities shall be wound up:

(1)upon the occurrence of an event or at a time specified in the articles of organization;

(2)upon the action of the association's organizers, board of directors, or members under Section 16-16-1204 or 16-16-1205; or

(3)90 days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:

(3)(a) has a sole member that is a cooperative; or

(3)(b) not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.

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Except as otherwise provided in Sections 16-16-1203 and 16-16-1211, a limited cooperative association is dissolved and its activities shall be wound up:
(1) upon the occurrence of an event or at a time specified in the articles of organization;
(2) upon the action of the association's organizers, board of directors, or members under Section 16-16-1204 or 16-16-1205; or
(3) 90 days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:

(3)(a) has a sole member that is a cooperative; or
(3)(b) not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.