Utah Statutes
§ 16-16-1502 — Member approval of other disposition of assets.
Utah § 16-16-1502
JurisdictionUtah
Title 16Corporations
Ch. 16-16Uniform Limited Cooperative Association Act
Part 16-16-15Disposition of Assets
This text of Utah § 16-16-1502 (Member approval of other disposition of assets.) 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. § 16-16-1502 (2026).
Text
A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in Section 16-16-1501, requires approval of the association's members under Sections 16-16-1503 and 16-16-1504 if the disposition leaves the association without significant continuing business activity.
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Legislative History
Enacted by Chapter 363, 2008 General Session
Nearby Sections
15
§ 16-10a-1001
Authority to amend.§ 16-10a-1002
Amendment by board of directors.§ 16-10a-1003
Amendment by board of directors and shareholders.§ 16-10a-1004
Voting on amendments by voting groups.§ 16-10a-1005
Amendment before issuance of shares.§ 16-10a-1006
Articles of amendment.§ 16-10a-1007
Restated articles of incorporation.§ 16-10a-1008
Amendment pursuant to reorganization.§ 16-10a-1008.5
Conversion to a nonprofit corporation.§ 16-10a-1008.7
Conversion to or from a domestic limited liability company.§ 16-10a-1009
Effect of amendment.§ 16-10a-101
Short title.§ 16-10a-102
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 16-16-1502, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/16-16-1502.