{"data":{"id":"us-ut/utah-code-16-16-1006","jurisdiction":"us-ut","citation":"Utah Code § 16-16-1006","heading":"Redemption or repurchase.","body":"Property distributed to a member by a limited cooperative association, other than money, may be redeemed or repurchased as provided in the organic rules but a redemption or repurchase may not be made without authorization by the board of directors. The board may withhold authorization for any reason in its sole discretion. A redemption or repurchase is treated as a distribution for purposes of Section 16-16-1007.","path":["Title 16 Corporations","Chapter 16-16 Uniform Limited Cooperative Association Act","Part 16-16-10 Contributions, Allocations, and Distributions"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter16/16-16-S1006.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"0c68bf125441d70a308269d4a801182f0d09486588b8a2a3240cd00739e208a8","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-16-1005","next":"us-ut/utah-code-16-16-1007"},"notice":"GroundRules: Original legal text. Not legal advice."}