Member approval of other disposition of assets.
Utah Code § 16-16-1502
in effect16-16-1502. Member approval of other disposition of assets.
A sale, lease, exchange, license, or other disposition of assets of a limited cooperative association, other than a disposition described in Section 16-16-1501, requires approval of the association's members under Sections 16-16-1503 and 16-16-1504 if the disposition leaves the association without significant continuing business activity.
Enacted by Chapter 363, 2008 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title16/Chapter16/16-16-S1502.html?v=C16-16-S1502_1800010118000101Fetched: 10/26/2026
