GroundRules
← Search the law
Utah · Through 2026 General Session

Utah Code § 16-16-1202: Nonjudicial dissolution.

Read at publisher ↗
Where this section sits in the code
  1. Title 16 Corporations
  2. Chapter 16-16 Uniform Limited Cooperative Association Act
  3. Part 16-16-12 Dissolution

Except as otherwise provided in Sections 16-16-1203 and 16-16-1211, a limited cooperative association is dissolved and its activities shall be wound up:

(1) upon the occurrence of an event or at a time specified in the articles of organization;

(2) upon the action of the association's organizers, board of directors, or members under Section 16-16-1204 or 16-16-1205; or

(3) 90 days after the dissociation of a member, which results in the association having one patron member and no other members, unless the association:

(a) has a sole member that is a cooperative; or

(b) not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.

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

Browse this collection