GroundRules
Utah Code § 16-16-401: Authority to amend organic rules.
Where this section sits in the code
- Title 16 Corporations
- Chapter 16-16 Uniform Limited Cooperative Association Act
- Part 16-16-4 Amendment of Organic Rules of Limited Cooperative Association
(1) A limited cooperative association may amend its organic rules under this part for any lawful purpose. In addition, the initial board of directors may amend the bylaws of an association under Section 16-16-304.
(2) Unless the organic rules otherwise provide, a member does not have a vested property right resulting from any provision in the organic rules, including a provision relating to the management, control, capital structure, distribution, entitlement, purpose, or duration of the limited cooperative association.
Collected 2026-09-03T11:34:33Z. Source file · JSON