Public-domain · open source
OpenJurist

Utah Code § 16-16-602

Patron and investor members' interests

Enacted by Chapter 363, 2008 General Session

(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.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.