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Purpose and duration of limited cooperative association.

Utah Code § 16-16-105
in effect
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16-16-105. Purpose and duration of limited cooperative association. (1) A limited cooperative association is an entity distinct from its members. (2) A limited cooperative association may be organized for any lawful purpose, whether or not for profit, except for the operation of a financial institution as defined in Section 7-1-103. (3) Unless the articles of organization state a term for a limited cooperative association's existence, the association has perpetual duration. 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-S105.html?v=C16-16-S105_1800010118000101Fetched: 10/26/2026

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