Utah § 16-16-302 Formation of limited cooperative association -- Articles of organization.

Utah Statutes

§ 16-16-302 — Formation of limited cooperative association -- Articles of organization.

Utah·Title 16 Corporations·Ch. 16-16 Uniform Limited Cooperative Association Act·Part 16-16-3 Formation and Initial Articles of Organization of Limited Cooperative Association

(1)To form a limited cooperative association, an organizer of the association shall deliver articles of organization to the division for filing. The articles shall state:

(1)(a) the name of the association;

(1)(b) the purposes for which the association is formed;

(1)(c) the street address and, if different, mailing address of the association's initial designated office and the name of the association's initial agent for service of process at the designated office;

(1)(d) the street address and, if different, mailing address of the initial principal office;

(1)(e) the name and street address and, if different, mailing address of each organizer; and

(1)(f) the term for which the association is to exist if other than perpetual.

(2)Subject to Subsection 16-16-113(1), articles of organizati

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(1) To form a limited cooperative association, an organizer of the association shall deliver articles of organization to the division for filing. The articles shall state:

(1)(a) the name of the association;
(1)(b) the purposes for which the association is formed;
(1)(c) the street address and, if different, mailing address of the association's initial designated office and the name of the association's initial agent for service of process at the designated office;
(1)(d) the street address and, if different, mailing address of the initial principal office;
(1)(e) the name and street address and, if different, mailing address of each organizer; and
(1)(f) the term for which the association is to exist if other than perpetual.
(2) Subject to Subsection 16-16-113(1), articles of organization may contain any other provisions in addition to those required by Subsection (1).
(3) A limited cooperative association is formed after articles of organization that substantially comply with Subsection (1) are delivered to the division, are filed, and become effective under Subsection 16-16-203(3).
(4) If articles of organization filed by the division state a delayed effective date, a limited cooperative association is not formed if, before the articles take effect, an organizer signs and delivers to the division for filing a statement of cancellation.

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