Utah § 16-16-514 Voting requirements for members.

Utah Statutes

§ 16-16-514 — Voting requirements for members.

Utah § 16-16-514

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-5Members

This text of Utah § 16-16-514 (Voting requirements for members.) 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. § 16-16-514 (2026).

Text

(1)If a limited cooperative association has both patron and investor members, the following rules apply:

(1)(a) the total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote; and

(1)(b) action on any matter is approved only upon the affirmative vote of at least a majority of:

(1)(b)(i) all members voting at the meeting unless more than a majority is required by this chapter or the organic rules; and

(1)(b)(ii) votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.

(2)The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.

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(1) If a limited cooperative association has both patron and investor members, the following rules apply:

(1)(a) the total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote; and
(1)(b) action on any matter is approved only upon the affirmative vote of at least a majority of:
(1)(b)(i) all members voting at the meeting unless more than a majority is required by this chapter or the organic rules; and
(1)(b)(ii) votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.
(2) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.