{"data":{"id":"us-ut/utah-code-16-20-1103","jurisdiction":"us-ut","citation":"Utah Code § 16-20-1103","heading":"Ceasing to be a low-profit limited liability company.","body":"(1) If a limited liability company that is a low-profit limited liability company at its formation at any time ceases to meet a requirement to be a low-profit limited liability company under Section 16-20-1102, the limited liability company:\n(a) ceases to be a low-profit limited liability company on the day on which the limited liability company no longer meets the requirement; and\n(b) if it continues to meet the requirements of this chapter to be a limited liability company, continues to exist as a limited liability company that is not a low-profit limited liability company.\n(2) A low-profit limited liability company's failure to meet a requirement of Section 16-20-1102 may be:\n(a) voluntary, in order to convert to a limited liability company that is not a low-profit limited liability company; or\n(b) involuntary.\n(3) If a low-profit limited liability company ceases to be a low-profit limited liability company in accordance with this section, the limited liability company shall:\n(a) change the limited liability company's name to conform with Section 16-1a-302; and\n(b) amend the limited liability company's certificate of organization in accordance with Section 16-20-202.","path":["Title 16 Business Entities","Chapter 16-20 Utah Revised Uniform Limited Liability Company Act","Part 16-20-11 Low-Profit Limited Liability Companies"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter20/16-20-S1103.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-10-08T05:55:33Z","sha256":"71076be744bc2d19accb98377246ee1bcfc0baec9e0bd4753978f3f8c413fb73","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-20-1102","next":"us-ut/utah-code-16-20-1104"},"notice":"GroundRules: Original legal text. Not legal advice."}