reglab/housing_qa huggingface dataset:
UT Code § 16-10b-305 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 10b - Benefit Corporation Act|Part 3 - Accountability|Section 305 - Right of action.

 Effective 5/13/2014  16-10b-305. Right of action.    (1) Except in a benefit enforcement proceeding, a person may not bring an action or assert a claim against a benefit corporation or its directors or officers with respect to:   (a) failure to pursue or create general public benefit or a specific public benefit set forth in its articles of incorporation; or     (b) violation of an obligation, duty, or standard of conduct under this chapter.       (2) A benefit corporation may not be liable for monetary damages under this chapter for a failure of the benefit corporation to pursue or create general public benefit or a specific public benefit.     (3)   (a) A benefit enforcement proceeding may be commenced or maintained only:   (i) directly by the benefit corporation; or     (ii) derivatively by:   (A) a person or group of persons that owns beneficially or of record at least 2% of the total number of shares of a class or series outstanding at the time of the act or omission complained of;     (B) a director;     (C) a person or group of persons that own beneficially or of record 5% or more of the outstanding equity interests in an entity of which the benefit corporation is a subsidiary at the time of the act or omission complained of; or     (D) other persons as specified in the articles of incorporation or bylaws of the benefit corporation.         (b) A benefit corporation may provide in its articles of incorporation a greater degree of ownership by a person or group of persons than those listed under Subsection (3)(a) to bring a derivative action.       (4) For purposes of this section, a person is the beneficial owner of shares or equity interests if the shares or equity interests are held in a voting trust or by a nominee on behalf of the beneficial owner.    Enacted by Chapter 394, 2014 General Session
UT Code § 16-10b-402 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 10b - Benefit Corporation Act|Part 4 - Transparency|Section 402 - Availability of annual benefit report.

 Effective 5/12/2015  16-10b-402. Availability of annual benefit report.    (1) A benefit corporation shall send its annual benefit report required by Section 16-10b-401 to each shareholder on the earlier of:   (a) 120 days following the end of the fiscal year of the benefit corporation; or     (b) the same time that the benefit corporation delivers another annual report to its shareholders.       (2) A benefit corporation shall post all of its annual benefit reports on the public portion of its Internet website, if any, but financial or proprietary information included in the annual benefit reports may be omitted from the annual benefit reports as posted.     (3) If a benefit corporation does not have an Internet website, the benefit corporation shall provide a copy of its most recent annual benefit report, without charge, to a person that requests a copy, but financial or proprietary information included in the annual benefit report may be omitted from the copy of the benefit report provided.     (4)   (a) At the same time that the benefit corporation files its annual report with the division in accordance with Section 16-10a-1607, the benefit corporation shall deliver the most recent copy of the annual benefit report to the division for filing, but financial or proprietary information included in the annual benefit report may be omitted from the annual benefit report as delivered to the division.     (b) The division shall charge a fee established by the division in accordance with Section 63J-1-504 for filing an annual benefit report.     (c) The benefit corporation shall file the annual benefit report in addition to the annual report required by Section 16-10a-1607.      Amended by Chapter 20, 2015 General Session
UT Code § 16-16-101 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 101 - Title.

16-16-101. Title.  This chapter is known as the "Uniform Limited Cooperative Association Act."  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-103 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 103 - Limited cooperative association subject to amendment or repeal of chapter.

16-16-103. Limited cooperative association subject to amendment or repeal of chapter.  A limited cooperative association governed by this chapter is subject to any amendment or repeal of this chapter.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-104 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 104 - Nature of limited cooperative association.

16-16-104. Nature of limited cooperative association.    (1) A limited cooperative association organized under this chapter is an autonomous, unincorporated association of persons united to meet their mutual interests through a jointly owned enterprise primarily controlled by those persons, which permits combining:   (a) ownership, financing, and receipt of benefits by the members for whose interests the association is formed; and     (b) separate investments in the association by members who may receive returns on their investments and a share of control.       (2) The fact that a limited cooperative association does not have one or more of the characteristics described in Subsection (1) does not alone prevent the association from being formed under and governed by this chapter nor does it alone provide a basis for an action against the association.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-105 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 105 - Purpose and duration of limited cooperative association.

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
UT Code § 16-16-106 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 106 - Powers.

16-16-106. Powers.  A limited cooperative association may sue and be sued in its own name and do all things necessary or convenient to carry on its activities. An association may maintain an action against a member for harm caused to the association by the member's violation of a duty to the association or of the organic law or organic rules.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-107 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 107 - Governing law.

16-16-107. Governing law.  The law of this state governs:  (1) the internal affairs of a limited cooperative association; and     (2) the liability of a member as member and a director as director for the debts, obligations, or other liabilities of a limited cooperative association.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-108 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 108 - Supplemental principles of law.

16-16-108. Supplemental principles of law.  Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-109 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 109 - Requirements of other laws.

16-16-109. Requirements of other laws.    (1) This chapter does not alter or amend any law that governs the licensing and regulation of an individual or entity in carrying on a specific business or profession even if that law permits the business or profession to be conducted by a limited cooperative association, a foreign cooperative, or its members.     (2) A limited cooperative association may not conduct an activity that, under law of this state other than this chapter, may be conducted only by an entity that meets specific requirements for the internal affairs of that entity unless the organic rules of the association conform to those requirements.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-110 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 110 - Relation to restraint of trade and antitrust laws.

16-16-110. Relation to restraint of trade and antitrust laws.  To the extent a limited cooperative association or activities conducted by the association in this state meet the material requirements for other cooperatives entitled to an exemption from or immunity under any provision of the restraint of trade or antitrust laws of this state, the association and its activities are entitled to the exemption or immunity. This section does not create any new exemption or immunity for an association or affect any exemption or immunity provided to a cooperative organized under any other law.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-111 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 111 - Name.

 Effective 5/8/2018  16-16-111. Name.    (1) Use of the term "cooperative" or its abbreviation under this chapter is not a violation of the provisions restricting the use of the term under any other law of this state.     (2)   (a) Notwithstanding Section 48-2e-108, as appropriate pursuant to Section 48-2e-1205, the name of a limited cooperative association shall contain:   (i) the words "limited cooperative association" or "limited cooperative"; or     (ii) the abbreviation "L.C.A." or "LCA".       (b) "Cooperative" may be abbreviated as "Co-op" or "Coop".     (c) "Association" may be abbreviated as "Assoc." or "Assn."     (d) "Limited" may be abbreviated as "Ltd."     (e)   (i) Use of the term "cooperative" or its abbreviation as permitted by this chapter is not a violation of the provisions restricting the use of the term under any other law of this state.     (ii) A limited cooperative association or a member may enforce the restrictions on the use of the term "cooperative" under this chapter and any other law of this state.     (iii) A limited cooperative association or a member may enforce the restrictions on the use of the term "cooperative" under any other law of this state.         (3) Except as otherwise provided in Subsection (4), a limited cooperative association may use only a name that is available. A name is available if it is distinguishable in the records of the division from:   (a) the name of any entity organized or authorized to transact business in this state;     (b) a name reserved under Section 16-16-112; and     (c) an alternative name approved for a foreign cooperative authorized to transact business in this state.       (4) A limited cooperative association may apply to the division for authorization to use a name that is not available. The division shall authorize use of the name if:   (a) the person with ownership rights to use the name consents in a record to the use and applies in a form satisfactory to the division to change the name used or reserved to a name that is distinguishable upon the records of the division from the name applied for; or     (b) the applicant delivers to the division a certified copy of the final judgment of a court establishing the applicant's right to use the name in this state.      Amended by Chapter 281, 2018 General Session
UT Code § 16-16-112 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 112 - Reservation of name.

16-16-112. Reservation of name.    (1) A person may reserve the exclusive use of the name of a limited cooperative association, including a fictitious name for a foreign cooperative whose name is not available under Section 16-16-111, by delivering an application to the division for filing. The application shall set forth the name and address of the applicant and the name proposed to be reserved. If the division finds that the name applied for is available under Section 16-16-111, the division shall reserve the name for the applicant's exclusive use for a nonrenewable period of 120 days.     (2) A person that has reserved a name for a limited cooperative association may transfer the reservation to another person by delivering to the division a signed notice of the transfer which states the name, street address, and, if different, the mailing address of the transferee. If the person is an organizer of the association and the name of the association is the same as the reserved name, the delivery of articles of organization for filing by the division is a transfer by the person to the association.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-114 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 114 - Required information.

16-16-114. Required information.    (1) Subject to Subsection (2), a limited cooperative association shall maintain in a record available at its principal office:   (a) a list containing the name, last known street address and, if different, mailing address, and term of office of each director and officer;     (b) the initial articles of organization and all amendments to and restatements of the articles, together with a signed copy of any power of attorney under which any article, amendment, or restatement has been signed;     (c) the initial bylaws and all amendments to and restatements of the bylaws;     (d) all filed articles of merger and statements of conversion;     (e) all financial statements of the association for the six most recent years;     (f) the six most recent annual reports delivered by the association to the division;     (g) the minutes of members meetings for the six most recent years;     (h) evidence of all actions taken by members without a meeting for the six most recent years;     (i) a list containing:   (i) the name, in alphabetical order, and last known street address and, if different, mailing address of each patron member and each investor member; and     (ii) if the association has districts or classes of members, information from which each current member in a district or class may be identified;       (j) the federal income tax returns, any state and local income tax returns, and any tax reports of the association for the six most recent years;     (k) accounting records maintained by the association in the ordinary course of its operations for the six most recent years;     (l) the minutes of directors meetings for the six most recent years;     (m) evidence of all actions taken by directors without a meeting for the six most recent years;     (n) the amount of money contributed and agreed to be contributed by each member;     (o) a description and statement of the agreed value of contributions other than money made and agreed to be made by each member;     (p) the times at which, or events on the happening of which, any additional contribution is to be made by each member;     (q) for each member, a description and statement of the member's interest or information from which the description and statement can be derived; and     (r) all communications concerning the association made in a record to all members, or to all members in a district or class, for the six most recent years.       (2) If a limited cooperative association has existed for less than the period for which records are required to be maintained under Subsection (1), the period records shall be kept is the period of the association's existence.     (3) The organic rules may require that more information be maintained.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-115 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 115 - Business transactions of member with limited cooperative association.

16-16-115. Business transactions of member with limited cooperative association.  Subject to Sections 16-16-818 and 16-16-819 and except as otherwise provided in the organic rules or a specific contract relating to a transaction, a member may lend money to and transact other business with a limited cooperative association in the same manner as a person that is not a member.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-116 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 116 - Dual capacity.

16-16-116. Dual capacity.  A person may have both a patron member's interest and an investor member's interest. When such person acts as a patron member, the person is subject to this chapter and the organic rules governing patron members. When such person acts as an investor member, the person is subject to this chapter and the organic rules governing investor members.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-117 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 117 - Designated office and agent for service of process.

16-16-117. Designated office and agent for service of process.    (1) A limited cooperative association, or a foreign cooperative that has a certificate of authority under Section 16-16-1404, shall designate and continuously maintain in this state:   (a) an office, as its designated office, which need not be a place of the association's or foreign cooperative's activity in this state; and     (b) an agent for service of process at the designated office.       (2) An agent for service of process of a limited cooperative association or foreign cooperative shall be an individual who is a resident of this state or an entity that is authorized to do business in this state.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-118 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 118 - Change of designated office or agent for service of process.

16-16-118. Change of designated office or agent for service of process.    (1) Except as otherwise provided in Subsection 16-16-207(5), to change its designated office, its agent for service of process, or the street address or, if different, mailing address of its principal office, a limited cooperative association shall deliver to the division for filing a statement of change containing:   (a) the name of the limited cooperative association;     (b) the street address and, if different, mailing address of its designated office;     (c) if the designated office is to be changed, the street address and, if different, mailing address of the new designated office;     (d) the name of its agent for service of process; and     (e) if the agent for service of process is to be changed, the name of the new agent.       (2) Except as otherwise provided in Subsection 16-16-207(5), to change its agent for service of process, the address of its designated office, or the street address or, if different, mailing address of its principal office, a foreign cooperative shall deliver to the division for filing a statement of change containing:   (a) the name of the foreign cooperative;     (b) the name, street address and, if different, mailing address of its designated office;     (c) if the current agent for service of process or an address of the designated office is to be changed, the new information;     (d) the street address and, if different, mailing address of its principal office; and     (e) if the street address or, if different, the mailing address of its principal office is to be changed, the street address and, if different, the mailing address of the new principal office.       (3) Except as otherwise provided in Section 16-16-204, a statement of change is effective when filed by the division.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-119 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 119 - Resignation of agent for service of process.

16-16-119. Resignation of agent for service of process.    (1) To resign as an agent for service of process of a limited cooperative association or foreign cooperative, the agent shall deliver to the division for filing a statement of resignation containing the name of the agent and the name of the association or foreign cooperative.     (2) After receiving a statement of resignation under Subsection (1), the division shall file it and mail or otherwise provide or deliver a copy to the limited cooperative association or foreign cooperative at its principal office.     (3) An agency for service of process of a limited cooperative association or foreign cooperative terminates on the earlier of:   (a) the 31st day after the division files a statement of resignation under Subsection (2); or     (b) when a record designating a new agent for service of process is delivered to the division for filing on behalf of the association or foreign cooperative and becomes effective.      Amended by Chapter 378, 2010 General Session
UT Code § 16-16-120 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 1 - General Provisions|Section 120 - Service of process.

16-16-120. Service of process.    (1) An agent for service of process appointed by a limited cooperative association or foreign cooperative is an agent of the association or foreign cooperative for service of process, notice, or a demand required or permitted by law to be served upon the association or foreign cooperative.     (2) If a limited cooperative association or foreign cooperative does not appoint or maintain an agent for service of process in this state or the agent for service of process cannot with reasonable diligence be found at the address of the designated office on file with the division, the division is an agent of the association or foreign cooperative upon which process, notice, or a demand may be served.     (3) Service of process, notice, or a demand on the division as agent of a limited cooperative association or foreign cooperative may be made by delivering to the division two copies of the process, notice, or demand. The division shall forward one copy by registered or certified mail, return receipt requested, to the association or foreign cooperative at its principal office.     (4) Service is effected under Subsection (3) on the earliest of:   (a) the date the limited cooperative association or foreign cooperative receives the process, notice, or demand;     (b) the date shown on the return receipt, if signed on behalf of the association or foreign cooperative; or     (c) five days after the process, notice, or demand is deposited by the division for delivery by the United States Postal Service, if mailed postage prepaid to the address of the principal office on file with the division.       (5) The division shall keep a record of each process, notice, and demand served pursuant to this section and record the time of, and the action taken regarding, the service.     (6) This section does not affect the right to serve process, notice, or a demand in any other manner provided by law.    Enacted by Chapter 363, 2008 General Session