Utah Statutes
§ 57-8a-221 — Reincorporation of terminated or dissolved association.
Utah·Title 57 Real Estate·Ch. 57-8a Community Association Act·Part 57-8a-2 Administrative Provisions
(1)An association that is terminated or dissolved without possibility of reinstatement under Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, may be reincorporated by the acting directors of the association refiling articles of incorporation that are substantially similar to the articles of incorporation, as amended, in existence at the time of termination or dissolution.
(2)Upon the association's reincorporation under Subsection (1):
(2)(a) the board of directors shall readopt bylaws for the association that are the same as the bylaws that were in existence at the time of termination or dissolution; and
(2)(b) all lot owners within the project are members of the reincorporated association.
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Legislative History
Enacted by Chapter 355, 2011 General Session
Nearby Sections
15
§ 57-1-1
Definitions.§ 57-1-10
After-acquired title passes.§ 57-1-12
Form of warranty deed -- Effect.§ 57-1-12.5
Form of special warranty deed -- Effect.§ 57-1-13
Form of quitclaim deed.§ 57-1-14
Form of mortgage -- Effect.§ 57-1-19
Trust deeds -- Definitions of terms.