Utah § 16-16-602 Patron and investor members' interests.

Utah Statutes

§ 16-16-602 — Patron and investor members' interests.

Utah § 16-16-602

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-6Member's Interest in Limited Cooperative Association

This text of Utah § 16-16-602 (Patron and investor members' interests.) 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. § 16-16-602 (2026).

Text

(1)Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest.

(2)Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:

(2)(a) if admitted as a patron member, remains a patron member;

(2)(b) if admitted as an investor member, remains an investor member; and

(2)(c) if admitted as a patron member and investor member, remains a patron and investor member if not dissociated in one of the capacities.

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(1) Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest.
(2) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:

(2)(a) if admitted as a patron member, remains a patron member;
(2)(b) if admitted as an investor member, remains an investor member; and
(2)(c) if admitted as a patron member and investor member, remains a patron and investor member if not dissociated in one of the capacities.