16-21-101. Application and effect of chapter.
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Effective 10/1/2026
16-21-101. Application and effect of chapter.
(1)This chapter applies to a benefit company organized under this chapter.
(a)The existence of a provision in this chapter does not itself create an implication that a contrary or different rule of law is applicable to a limited liability company that is not a benefit company.
(b)This chapter does not affect a statute or rule of law that is applicable to a limited liability company that is not a benefit company.
(a)Except as otherwise provided in this chapter, Chapter 20, Utah Revised Uniform Limited Liability Company Act, applies to a benefit company.
(b)The provisions of this chapter control over any inconsistent provision of Chapter 20, Utah Revised Uniform Limited Liability Company Act.
(4)The operating agreement of a benefit company may not limit, be inconsistent with, or supersede a provision of this chapter.
Renumbered and Amended by Chapter 92 , 2026 General Session