Section 46 – Conversion to a limited cooperative association.
3-1-46. Conversion to a limited cooperative association. An association under this title may convert to a limited cooperative association under Title 16, Chapter 16, Uniform Limited Cooperative Association Act, by complying with that chapter. Enacted by Chapter 363, 2008 General Session
Section 33 – Determination of members and shareholders entitled to notice of or to vote on plan of merger or consolidation.
3-1-33. Determination of members and shareholders entitled to notice of or to vote on plan of merger or consolidation. (1) Only current members of associations and shareholders of noncooperative corporations may vote on plans of merger or consolidation. (2) (a) To determine members and shareholders entitled to receive notice of and to vote at a […]
Section 34 – Quorum at meeting to vote on plan of merger or consolidation.
3-1-34. Quorum at meeting to vote on plan of merger or consolidation. The current members present or voting by signed ballot, if voting by ballot is allowed by the association’s bylaws, of each cooperative association which is a party to the merger or consolidation and the shareholders present or voting by proxy or by delegate […]
Section 35 – Procedure at meeting to vote on plan of merger or consolidation — Abandonment of merger or consolidation prior to filing articles.
3-1-35. Procedure at meeting to vote on plan of merger or consolidation — Abandonment of merger or consolidation prior to filing articles. (1) At each meeting, a vote of the current members of each cooperative party to the merger or consolidation having members and a vote of the shareholders of each party to the merger […]
Section 36 – Articles of merger or consolidation — Execution, contents, and filing of articles — Issuance of certificate of merger or consolidation — Fees.
3-1-36. Articles of merger or consolidation — Execution, contents, and filing of articles — Issuance of certificate of merger or consolidation — Fees. (1) Upon approval, articles of merger or consolidation shall be signed in duplicate by each party to the merger or consolidation by its president or a vice president and by its secretary […]
Section 37 – Effect of merger or consolidation.
3-1-37. Effect of merger or consolidation. (1) After the certificate of merger or consolidation is issued by the Division of Corporations and Commercial Code, the merger or consolidation shall be effected. (2) When the merger or consolidation has been effected: (a) The associations or corporations which are parties to the plan of merger or consolidation […]
Section 38 – Procedure for and effect of merger or consolidation of foreign and domestic corporations or associations.
3-1-38. Procedure for and effect of merger or consolidation of foreign and domestic corporations or associations. (1) Foreign and domestic corporations or associations may be merged or consolidated if: (a) the merger or consolidation is permitted by the laws of the state under which the foreign corporation or association is organized; and (b) the surviving […]
Section 41 – Domestic or foreign corporations or associations — Plan of merger — Articles of merger — Certificate of merger.
3-1-41. Domestic or foreign corporations or associations — Plan of merger — Articles of merger — Certificate of merger. (1) (a) A Utah cooperative association owning 90% of the outstanding shares of each class of a foreign or domestic corporation or association may merge such other corporation or association into itself without the approval of […]
Section 24 – Eligible foreign corporations may operate under chapter.
3-1-24. Eligible foreign corporations may operate under chapter. A foreign corporation that can qualify as an association, as defined in Section 3-1-2, may be authorized to do business in this state under the provisions of this act by complying with the laws relating to foreign corporations doing business in the state. It shall pay the […]
Section 42 – Association’s records.
3-1-42. Association’s records. (1) An association shall keep as permanent records: (a) minutes of meetings of its members and board of directors; (b) a record of each action taken by the consent of the members or board of directors without a meeting; (c) a record of each action taken on behalf of the association by […]