Utah § 16-16-803 Qualifications of directors.

Utah Statutes

§ 16-16-803 — Qualifications of directors.

Utah § 16-16-803

Title 16Corporations

Ch. 16-16Uniform Limited Cooperative Association Act

Part 16-16-8Directors and Officers

This text of Utah § 16-16-803 (Qualifications of directors.) 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. § 16-16-803 (2026).

Text

(1)Unless the organic rules otherwise provide, and subject to Subsection (3), each director of a limited cooperative association shall be an individual who is a member of the association or an individual who is designated by a member that is not an individual for purposes of qualifying and serving as a director. Initial directors need not be members.

(2)Unless the organic rules otherwise provide, a director may be an officer or employee of the limited cooperative association.

(3)If the organic rules provide for nonmember directors, the number of nonmember directors may not exceed:

(3)(a) one, if there are two through four directors;

(3)(b) two, if there are five through eight directors; or

(3)(c) 1/3 of the total number of directors if there are at least nine directors.

(4)The organi

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Unless the organic rules otherwise provide, and subject to Subsection (3), each director of a limited cooperative association shall be an individual who is a member of the association or an individual who is designated by a member that is not an individual for purposes of qualifying and serving as a director. Initial directors need not be members.
(2) Unless the organic rules otherwise provide, a director may be an officer or employee of the limited cooperative association.
(3) If the organic rules provide for nonmember directors, the number of nonmember directors may not exceed:

(3)(a) one, if there are two through four directors;
(3)(b) two, if there are five through eight directors; or
(3)(c) 1/3 of the total number of directors if there are at least nine directors.
(4) The organic rules may provide qualifications for directors in addition to those in this section.