Utah Statutes

§ 16-6a-1102 — Action on plan of merger.

Utah·Title 16 Corporations·Ch. 16-6a Utah Revised Nonprofit Corporation Act·Part 16-6a-11 Merger
(1)After adopting the plan of merger, the board of directors of each domestic nonprofit corporation that is a party to the merger shall submit the plan of merger to its members, if any are entitled to vote on the plan of merger, for approval.
(2)If the domestic nonprofit corporation has members entitled to vote with respect to the approval of a plan of merger, a plan of merger is approved by the members if:
(2)(a) (2)(a)(i) the board of directors recommends the plan of merger to the members entitled to vote on the plan of merger; or
(2)(a)(ii) (2)(a)(ii)(A) the board of directors determines that, because of conflict of interest or other special circumstances, it should make no recommendation; and
(2)(a)(ii)(B) communicates the basis for its determination to the members with the plan; an

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Legislative History

Amended by Chapter 228, 2006 General Session

Nearby Sections

15
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