Utah § 16-16-702 Marketing contracts.

Utah Statutes

§ 16-16-702 — Marketing contracts.

Utah § 16-16-702

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-7Marketing Contracts

This text of Utah § 16-16-702 (Marketing contracts.) 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. § 16-16-702 (2026).

Text

(1)If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.

(2)A marketing contract may:

(2)(a) authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and

(2)(b) allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.

(3)Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic

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(1) If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.
(2) A marketing contract may:

(2)(a) authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and
(2)(b) allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.
(3) Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic rules.