Superseded 10/1/2026

230 words·~1 min read·/ut/title-16/chapter-16/10-27

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

16-16-302. Formation of limited cooperative association -- Articles of organization.

(1)To form a limited cooperative association, an organizer of the association shall deliver articles of organization to the division for filing. The articles shall state:

(a)the name of the association;

(b)the purposes for which the association is formed;

(c)the street address and, if different, mailing address of the association's initial designated office and the name of the association's initial agent for service of process at the designated office;

(d)the street address and, if different, mailing address of the initial principal office;

(e)the name and street address and, if different, mailing address of each organizer; and

(f)the term for which the association is to exist if other than perpetual.

(2)Subject to Subsection 16-16-113(1) , articles of organization may contain any other provisions in addition to those required by Subsection

(1).

(3)A limited cooperative association is formed after articles of organization that substantially comply with Subsection

(1)are delivered to the division, are filed, and become effective under Subsection 16-16-203(3) .

(4)If articles of organization filed by the division state a delayed effective date, a limited cooperative association is not formed if, before the articles take effect, an organizer signs and delivers to the division for filing a statement of cancellation.

Amended by Chapter 378 , 2010 General Session