Utah § 16-16-820 Other considerations of directors.

Utah Statutes

§ 16-16-820 — Other considerations of directors.

Utah·Title 16 Corporations·Ch. 16-16 Uniform Limited Cooperative Association Act·Part 16-16-8 Directors and Officers

Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider:

(1)the interest of employees, customers, and suppliers of the association;

(2)the interest of the community in which the association operates; and

(3)other cooperative principles and values that may be applied in the context of the decision.

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Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider:
(1) the interest of employees, customers, and suppliers of the association;
(2) the interest of the community in which the association operates; and
(3) other cooperative principles and values that may be applied in the context of the decision.

Utah § 16-16-820 (Other considerations of directors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.