Utah § 16-6a-301 Purposes.

Utah Statutes

§ 16-6a-301 — Purposes.

Utah·Title 16 Corporations·Ch. 16-6a Utah Revised Nonprofit Corporation Act·Part 16-6a-3 Purposes And Powers

(1)Every nonprofit corporation incorporated under this chapter that in its articles of incorporation has a statement meeting the requirements of Subsection 16-6a-202(3)(a) may engage in any lawful activity except for express limitations set forth in the articles of incorporation.

(2)(2)(a) A nonprofit corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.

(2)(b) Without limiting Subsection (2)(a), an organization may not be organized under this chapter if the organization is subject to the:

(2)(b)(i) insurance laws of this state; or

(2)(b)(ii) laws governing depository institutions as defined in Section 7-1-103.

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(1) Every nonprofit corporation incorporated under this chapter that in its articles of incorporation has a statement meeting the requirements of Subsection 16-6a-202(3)(a) may engage in any lawful activity except for express limitations set forth in the articles of incorporation.
(2) (2)(a) A nonprofit corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.
(2)(b) Without limiting Subsection (2)(a), an organization may not be organized under this chapter if the organization is subject to the:
(2)(b)(i) insurance laws of this state; or
(2)(b)(ii) laws governing depository institutions as defined in Section 7-1-103.

Utah § 16-6a-301 (Purposes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.