16-16-1401. Governing law.
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/ut/title-16/chapter-16/16-16-1401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
16-16-1401. Governing law.
(1)The law of the state or other jurisdiction under which a foreign cooperative is organized governs relations among the members of the foreign cooperative and between the members and the foreign cooperative.
(2)A foreign cooperative may not be denied a certificate of authority because of any difference between the law of the jurisdiction under which the foreign cooperative is organized and the law of this state.
(3)A certificate of authority does not authorize a foreign cooperative to engage in any activity or exercise any power that a limited cooperative association may not engage in or exercise in this state.
Enacted by Chapter 363 , 2008 General Session