Utah Code § 16-16-602: Patron and investor members' interests.
Where this section sits in the code
- Title 16 Corporations
- Chapter 16-16 Uniform Limited Cooperative Association Act
- Part 16-16-6 Member's Interest in Limited Cooperative Association
(1) Unless the organic rules establish investor members' interests, a member's interest is a patron member's interest.
(2) Unless the organic rules otherwise provide, if a limited cooperative association has investor members, while a person is a member of the association, the person:
(a) if admitted as a patron member, remains a patron member;
(b) if admitted as an investor member, remains an investor member; and
(c) if admitted as a patron member and investor member, remains a patron and investor member if not dissociated in one of the capacities.
Collected 2026-09-03T11:34:33Z. Source file · JSON