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Code · Utah · Title 16 — Corporations · Chapter 16

16-16-1502. Member approval of other disposition of assets.

62 words·~1 min read·/ut/title-16/chapter-16/16-16-1502

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16-16-1502. Member approval of other disposition of assets.
A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in Section 16-16-1501 , requires approval of the association's members under Sections 16-16-1503 and 16-16-1504 if the disposition leaves the association without significant continuing business activity.
Enacted by Chapter 363 , 2008 General Session
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