GroundRules
← Search the law
Utah · Through 2026 General Session

Utah Code § 16-10a-809: Removal of directors by judicial proceeding.

Read at publisher ↗
Where this section sits in the code
  1. Title 16 Corporations
  2. Chapter 16-10a Utah Revised Business Corporation Act
  3. Part 16-10a-8 Directors and Officers

(1) A court with jurisdiction under Title 78A, Judiciary and Judicial Administration, may remove a director in a proceeding commenced by the corporation or by the corporation's shareholders holding at least 10% of the outstanding shares of any class if the court finds that:

(a) the director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion with respect to the corporation; and

(b) removal is in the best interest of the corporation.

(2) The court that removes a director may bar the director from reelection for a period prescribed by the court.

(3) If shareholders commence a proceeding under Subsection (1), they shall make the corporation a party defendant.

(4) A director who is removed pursuant to this section may deliver to the division for filing a statement to that effect pursuant to Section 16-10a-1608.

Collected 2026-09-03T11:34:33Z. Source file · JSON

Browse this collection