Section 1612 – Part not exclusive.
16-16-1612. Part not exclusive. This part does not prohibit a limited cooperative association from being converted or merged under law other than this chapter. Enacted by Chapter 363, 2008 General Session
Section 1701 – Uniformity of application and construction.
16-16-1701. Uniformity of application and construction. In applying and construing this uniform act, consideration shall be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. Amended by Chapter 378, 2010 General Session
Section 1702 – Relation to Electronic Signatures in Global and National Commerce Act.
16-16-1702. Relation to Electronic Signatures in Global and National Commerce Act. This chapter modifies, limits, or supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Sec. 7001 et seq., but does not modify, limit, or supersede Section 101(c) of that act, 15 U.S.C. Sec. 7001(c), or authorize electronic delivery of any […]
Section 1703 – Savings clause.
16-16-1703. Savings clause. This chapter does not affect an action or proceeding commenced, or right accrued, before May 5, 2008. Enacted by Chapter 363, 2008 General Session
Section 1611 – Consolidation.
16-16-1611. Consolidation. (1) Constituent entities that are limited cooperative associations or foreign cooperatives may agree to call a merger a consolidation under this part. (2) All provisions governing mergers or using the term merger in this chapter apply equally to mergers that the constituent entities choose to call consolidations under Subsection (1). Enacted by Chapter […]
Section 1601 – Definitions.
16-16-1601. Definitions. In this part: (1) “Constituent entity” means an entity that is a party to a merger. (2) “Constituent limited cooperative association” means a limited cooperative association that is a party to a merger. (3) “Converted entity” means the organization into which a converting entity converts pursuant to Sections 16-16-1602 through 16-16-1605. (4) “Converting […]
Section 1602 – Conversion.
16-16-1602. Conversion. (1) An entity that is not a limited cooperative association may convert to a limited cooperative association and a limited cooperative association may convert to an entity that is not a limited cooperative association pursuant to this section, Sections 16-16-1603 through 16-16-1605, and a plan of conversion, if: (a) the other entity’s organic […]
Section 1603 – Action on plan of conversion by converting limited cooperative association.
16-16-1603. Action on plan of conversion by converting limited cooperative association. (1) For a limited cooperative association to convert to another entity, a plan of conversion shall be approved by a majority of the board of directors, or a greater percentage if required by the organic rules, and the board of directors shall call a […]
Section 1604 – Filings required for conversion — Effective date.
16-16-1604. Filings required for conversion — Effective date. (1) After a plan of conversion is approved: (a) a converting limited cooperative association shall deliver to the division for filing articles of conversion, which shall include: (i) a statement that the limited cooperative association has been converted into another entity; (ii) the name and form of […]
Section 1605 – Effect of conversion.
16-16-1605. Effect of conversion. (1) An entity that has been converted pursuant to this part is for all purposes the same entity that existed before the conversion and is not a new entity but, after conversion, is organized under the organic law of the converted entity and is subject to that law and other law […]