Utah § 17D-2-201 Creating a local building authority -- Articles of incorporation and bylaws -- Changing a local building authority.

Utah Statutes

§ 17D-2-201 — Creating a local building authority -- Articles of incorporation and bylaws -- Changing a local building authority.

Utah·Title 17D Limited Purpose Local Government Entities - Other Entities·Ch. 17D-2 Local Building Authority Act·Part 17D-2-2 Local Building Authority Creation, Powers, and Governance

(1)The governing body of a local entity may create a local building authority by following the procedures in Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, for the incorporation of a nonprofit corporation.

(2)The creating local entity's governing body shall approve:

(2)(a) the local building authority's articles of incorporation before they are filed with the Division of Corporations and Commercial Code; and

(2)(b) the local building authority's bylaws.

(3)The creating local entity's governing body may, in its sole discretion and at any time, change the local building authority's structure, organization, programs, or activities, subject to:

(3)(a) this chapter; and

(3)(b) the rights of:

(3)(b)(i) holders of the local building authority's bonds; and

(3)(b)(ii) parties to

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

(1) The governing body of a local entity may create a local building authority by following the procedures in Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, for the incorporation of a nonprofit corporation.
(2) The creating local entity's governing body shall approve:

(2)(a) the local building authority's articles of incorporation before they are filed with the Division of Corporations and Commercial Code; and
(2)(b) the local building authority's bylaws.
(3) The creating local entity's governing body may, in its sole discretion and at any time, change the local building authority's structure, organization, programs, or activities, subject to:

(3)(a) this chapter; and
(3)(b) the rights of:
(3)(b)(i) holders of the local building authority's bonds; and
(3)(b)(ii) parties to other obligations of the local building authority.

Utah § 17D-2-201 (Creating a local building authority -- Articles of incorporation and bylaws -- Changing a local building authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.