Utah Statutes
§ 48-4-201 — Company purpose.
Utah·Title 48 Unincorporated Business Entity Act·Ch. 48-4 Benefit Limited Liability Company Act·Part 48-4-2 Company Purposes
(1)In addition to the benefit company's purpose under Section 48-3a-104, a benefit company shall have a purpose of creating general public benefit.
(2)(2)(a) A benefit company's certificate of organization may identify one or more specific public benefits that are the purposes of the benefit company to create.
(2)(b) Identifying a specific public benefit in accordance with Subsection (2)(a) does not affect a benefit company's obligation to create general public benefit in accordance with Subsection (1).
(3)The creation of general public benefit and one or more specific public benefits is in the best interests of the benefit company.
(4)(4)(a) A benefit company may amend the benefit company's certificate or organization to add, amend, or delete a specific public benefit.
(4)(b) An amend
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Legislative History
Enacted by Chapter 201, 2018 General Session
Nearby Sections
15
§ 48-1c-101
Title.§ 48-1d-1001
Definitions.§ 48-1d-1002
Relationship of part to other laws.§ 48-1d-1003
Required notice or approval.§ 48-1d-1004
Status of filings.§ 48-1d-1005
Nonexclusivity.§ 48-1d-1006
Reference to external facts.§ 48-1d-1007
Alternative means of approval of transactions.§ 48-1d-1008
Appraisal rights.§ 48-1d-101
Title.§ 48-1d-102
Definitions.§ 48-1d-1021
Merger authorized.§ 48-1d-1022
Plan of merger.§ 48-1d-1023
Approval of merger.§ 48-1d-1024
Amendment or abandonment of plan of merger.