Utah § 16-6a-1201 Sale of property.

Utah Statutes

§ 16-6a-1201 — Sale of property.

Utah § 16-6a-1201

Title 16Corporations

Ch. 16-6aUtah Revised Nonprofit Corporation Act

Part 16-6a-12Sale of Property

This text of Utah § 16-6a-1201 (Sale of property.) 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. § 16-6a-1201 (2026).

Text

(1)Unless the bylaws otherwise provide, a nonprofit corporation may, as authorized by the board of directors:

(1)(a) sell, lease, exchange, or otherwise dispose of all or substantially all of its property in the usual and regular course of business; or

(1)(b) mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber all or substantially all of its property whether or not in the usual and regular course of business.

(2)Unless otherwise provided in the bylaws, approval of a transaction described in this section by the members is not required.

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(1) Unless the bylaws otherwise provide, a nonprofit corporation may, as authorized by the board of directors:

(1)(a) sell, lease, exchange, or otherwise dispose of all or substantially all of its property in the usual and regular course of business; or
(1)(b) mortgage, pledge, dedicate to the repayment of indebtedness, whether with or without recourse, or otherwise encumber all or substantially all of its property whether or not in the usual and regular course of business.
(2) Unless otherwise provided in the bylaws, approval of a transaction described in this section by the members is not required.