Section 102 – Application and effect of chapter.
Effective 5/14/2019 48-4-102. Application and effect of chapter. (1) This chapter applies to a benefit company organized under this chapter. (2) (a) The existence of a provision in this chapter does not itself create an implication that a contrary or different rule of law is applicable to a limited liability company that is not a […]
Section 104 – Benefit company status.
Effective 5/8/2018 48-4-104. Benefit company status. (1) A person may form a benefit company in accordance with Title 48, Chapter 3a, Utah Revised Uniform Limited Liability Company Act, except the certificate of organization shall state that the limited liability company is a benefit company. (2) (a) A limited liability company may elect to become a […]
Section 105 – Benefit company name.
Effective 5/8/2018 48-4-105. Benefit company name. (1) The name of a benefit company may contain the words “benefit limited liability company,” “benefit limited company,” or “benefit company” or the abbreviation “B.L.L.C.,” “BLLC,” “B.L.C.,” or “BLC.” “Limited” may be abbreviated as “Ltd.,” and “company” may be abbreviated as “Co.” (2) A benefit company that complies with […]