reglab/housing_qa huggingface dataset:
UT Code § 16-16-407 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 4 - Amendment of Organic Rules of Limited Cooperative Association|Section 407 - Amendment or restatement of articles of organization -- Filing.

16-16-407. Amendment or restatement of articles of organization -- Filing.    (1) To amend its articles of organization, a limited cooperative association shall deliver to the division for filing an amendment of the articles, or restated articles of organization or articles of conversion or merger pursuant to Part 16, Conversion and Merger, which contain one or more amendments of the articles of organization, stating:   (a) the name of the association;     (b) the date of filing of the association's initial articles; and     (c) the changes the amendment makes to the articles as most recently amended or restated.       (2) Before the beginning of the initial meeting of the board of directors, an organizer who knows that information in the filed articles of organization was inaccurate when the articles were filed or has become inaccurate due to changed circumstances shall promptly:   (a) cause the articles to be amended; or     (b) if appropriate, deliver an amendment to the division for filing pursuant to Section 16-16-203.       (3) If restated articles of organization are adopted, the restated articles may be delivered to the division for filing in the same manner as an amendment.     (4) Upon filing, an amendment of the articles of organization or other record containing an amendment of the articles which has been properly adopted by the members is effective as provided in Subsection 16-16-203(3).    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-501 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 501 - Members.

16-16-501. Members.  To begin business, a limited cooperative association shall have at least two patron members unless the sole member is a cooperative.  Amended by Chapter 378, 2010 General Session
UT Code § 16-16-502 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 502 - Becoming a member.

16-16-502. Becoming a member.  A person becomes a member:  (1) as provided in the organic rules;     (2) as the result of a merger or conversion under Part 16, Conversion and Merger; or     (3) with the consent of all the members.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-503 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 503 - No power as member to bind association.

16-16-503. No power as member to bind association.  A member, solely by reason of being a member, may not act for or bind the limited cooperative association.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-504 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 504 - No liability as member for association's obligations.

16-16-504. No liability as member for association's obligations.  Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not the debt, obligation, or liability of a member solely by reason of being a member.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-506 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 506 - Annual meeting of members.

16-16-506. Annual meeting of members.    (1) Members shall meet annually at a time provided in the organic rules or set by the board of directors not inconsistent with the organic rules.     (2) An annual members meeting may be held inside or outside this state at the place stated in the organic rules or selected by the board of directors not inconsistent with the organic rules.     (3) Unless the organic rules otherwise provide, members may attend or conduct an annual members meeting through any means of communication if all members attending the meeting can communicate with each other during the meeting.     (4) The board of directors shall report, or cause to be reported, at the association's annual members meeting the association's business and financial condition as of the close of the most recent fiscal year.     (5) Unless the organic rules otherwise provide, the board of directors shall designate the presiding officer of the association's annual members meeting.     (6) Failure to hold an annual members meeting does not affect the validity of any action by the limited cooperative association.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-507 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 507 - Special meeting of members.

16-16-507. Special meeting of members.    (1) A special meeting of members may be called only:   (a) as provided in the organic rules;     (b) by a majority vote of the board of directors on a proposal stating the purpose of the meeting;     (c) by demand in a record signed by members holding at least 20% of the voting power of the persons in any district or class entitled to vote on the matter that is the purpose of the meeting stated in the demand; or     (d) by demand in a record signed by members holding at least 10% of the total voting power of all the persons entitled to vote on the matter that is the purpose of the meeting stated in the demand.       (2) A demand under Subsection (1)(c) or (d) shall be submitted to the officer of the limited cooperative association charged with keeping its records.     (3) Any voting member may withdraw its demand under Subsection (1)(c) or (d) before receipt by the limited cooperative association of demands sufficient to require a special meeting of members.     (4) A special meeting of members may be held inside or outside this state at the place stated in the organic rules or selected by the board of directors not inconsistent with the organic rules.     (5) Unless the organic rules otherwise provide, members may attend or conduct a special meeting of members through the use of any means of communication if all members attending the meeting can communicate with each other during the meeting.     (6) Only business within the purpose or purposes stated in the notice of a special meeting of members may be conducted at the meeting.     (7) Unless the organic rules otherwise provide, the presiding officer of a special meeting of members shall be designated by the board of directors.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-508 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 508 - Notice of members meeting.

16-16-508. Notice of members meeting.    (1) A limited cooperative association shall notify each member of the time, date, and place of a members meeting at least 15 and not more than 60 days before the meeting.     (2) Unless the articles of organization otherwise provide, notice of an annual members meeting need not include any purpose of the meeting.     (3) Notice of a special meeting of members shall include each purpose of the meeting as contained in the demand under Subsection 16-16-507(1)(c) or (d) or as voted upon by the board of directors under Subsection 16-16-507(1)(b).     (4) Notice of a members meeting shall be given in a record unless oral notice is reasonable under the circumstances.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-509 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 509 - Waiver of members meeting notice.

16-16-509. Waiver of members meeting notice.    (1) A member may waive notice of a members meeting before, during, or after the meeting.     (2) A member's participation in a members meeting is a waiver of notice of that meeting unless the member objects to the meeting at the beginning of the meeting or promptly upon the member's arrival at the meeting and does not thereafter vote for or assent to action taken at the meeting.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-510 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 510 - Quorum of members.

16-16-510. Quorum of members.  Unless the organic rules otherwise require a greater number of members or percentage of the voting power, the voting member or members present at a members meeting constitute a quorum.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-511 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 511 - Voting by patron members.

16-16-511. Voting by patron members.  Except as provided by Subsection 16-16-512(1), each patron member has one vote. The organic rules may allocate voting power among patron members as provided in Subsection 16-16-512(1).  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-512 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 512 - Determination of voting power of patron member.

16-16-512. Determination of voting power of patron member.    (1) The organic rules may allocate voting power among patron members on the basis of one or a combination of the following:   (a) one member, one vote;     (b) use or patronage;     (c) equity; or     (d) if a patron member is a cooperative, the number of its patron members.       (2) The organic rules may provide for the allocation of patron member voting power by districts or class, or any combination thereof.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-513 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 513 - Voting by investor members.

16-16-513. Voting by investor members.  If the organic rules provide for investor members, each investor member has one vote, unless the organic rules otherwise provide. The organic rules may provide for the allocation of investor member voting power by class, classes, or any combination of classes.  Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-514 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 514 - Voting requirements for members.

16-16-514. Voting requirements for members.    (1) If a limited cooperative association has both patron and investor members, the following rules apply:   (a) the total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote; and     (b) action on any matter is approved only upon the affirmative vote of at least a majority of:   (i) all members voting at the meeting unless more than a majority is required by this chapter or the organic rules; and     (ii) votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.         (2) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-515 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 515 - Manner of voting.

16-16-515. Manner of voting.    (1) Unless the organic rules otherwise provide, voting by a proxy at a members meeting is prohibited. This Subsection (1) does not prohibit delegate voting based on district or class.     (2) If voting by a proxy is permitted, a patron member may appoint only another patron member as a proxy and, if investor members are permitted, an investor member may appoint only another investor member as a proxy.     (3) The organic rules may provide for the manner of and provisions governing the appointment of a proxy.     (4) The organic rules may provide for voting on any question by ballot delivered by mail or voting by other means on questions that are subject to vote by members.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-516 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 516 - Action without a meeting.

16-16-516. Action without a meeting.    (1) Unless the organic rules require that action be taken only at a members meeting, any action that may be taken by the members may be taken without a meeting if each member entitled to vote on the action consents in a record to the action.     (2) Consent under Subsection (1) may be withdrawn by a member in a record at any time before the limited cooperative association receives a consent from each member entitled to vote.     (3) Consent to any action may specify the effective date or time of the action.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-517 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 5 - Members|Section 517 - Districts and delegates -- Classes of members.

16-16-517. Districts and delegates -- Classes of members.    (1) The organic rules may provide for the formation of geographic districts of patron members and:   (a) for the conduct of patron member meetings by districts and the election of directors at the meetings; or     (b) that districts may elect district delegates to represent and vote for the district at members meetings.       (2) A delegate elected under Subsection (1)(b) has one vote unless voting power is otherwise allocated by the organic rules.     (3) The organic rules may provide for the establishment of classes of members, for the preferences, rights, and limitations of the classes, and:   (a) for the conduct of members meetings by classes and the election of directors at the meetings; or     (b) that classes may elect class delegates to represent and vote for the class in members meetings.       (4) A delegate elected under Subsection (3)(b) has one vote unless voting power is otherwise allocated by the organic rules.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-601 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 6 - Member's Interest in Limited Cooperative Association|Section 601 - Member's interest.

16-16-601. Member's interest.  A member's interest:  (1) is personal property;     (2) consists of:   (a) governance rights;     (b) financial rights; and     (c) the right or obligation, if any, to do business with the limited cooperative association; and       (3) may be in certificated or uncertificated form.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-602 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 6 - Member's Interest in Limited Cooperative Association|Section 602 - Patron and investor members' interests.

16-16-602. Patron and investor members' interests.    (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.      Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-603 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 6 - Member's Interest in Limited Cooperative Association|Section 603 - Transferability of member's interest.

16-16-603. Transferability of member's interest.    (1) The provisions of this chapter relating to the transferability of a member's interest are subject to Title 70A, Uniform Commercial Code.     (2) Unless the organic rules otherwise provide, a member's interest other than financial rights is not transferable.     (3) Unless a transfer is restricted or prohibited by the organic rules, a member may transfer the member's financial rights in the limited cooperative association.     (4) The terms of any restriction on transferability of financial rights shall be:   (a) set forth in the organic rules and the member records of the association; and     (b) conspicuously noted on any certificates evidencing a member's interest.       (5) A transferee of a member's financial rights, to the extent the rights are transferred, has the right to share in the allocation of profits or losses and to receive the distributions to the member transferring the interest to the same extent as the transferring member.     (6) A transferee of a member's financial rights does not become a member upon transfer of the rights unless the transferee is admitted as a member by the limited cooperative association.     (7) A limited cooperative association need not give effect to a transfer under this section until the association has notice of the transfer.     (8) A transfer of a member's financial rights in violation of a restriction on transfer contained in the organic rules is ineffective as to a person having notice of the restriction at the time of transfer.    Amended by Chapter 378, 2010 General Session
UT Code § 16-16-604 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 6 - Member's Interest in Limited Cooperative Association|Section 604 - Security interest and set-off.

16-16-604. Security interest and set-off.    (1) A member or transferee may create an enforceable security interest in its financial rights in a limited cooperative association.     (2) Unless the organic rules otherwise provide, a member may not create an enforceable security interest in the member's governance rights in a limited cooperative association.     (3) The organic rules may provide that a limited cooperative association has a security interest in the financial rights of a member to secure payment of any indebtedness or other obligation of the member to the association. A security interest provided for in the organic rules is enforceable under, and governed by, Title 70A, Chapter 9a, Uniform Commercial Code - Secured Transactions.     (4) Unless the organic rules otherwise provide, a member may not compel the limited cooperative association to offset financial rights against any indebtedness or obligation owed to the association.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-605 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 6 - Member's Interest in Limited Cooperative Association|Section 605 - Charging orders for judgment creditor of member or transferee.

16-16-605. Charging orders for judgment creditor of member or transferee.    (1) On application by a judgment creditor of a member or transferee, a court may enter a charging order against the financial rights of the judgment debtor for the unsatisfied amount of the judgment. A charging order issued under this Subsection (1) constitutes a lien on the judgment debtor's financial rights and requires the limited cooperative association to pay over to the creditor or receiver, to the extent necessary to satisfy the judgment, any distribution that would otherwise be paid to the judgment debtor.     (2) To the extent necessary to effectuate the collection of distributions pursuant to a charging order under Subsection (1), the court may:   (a) appoint a receiver of the share of the distributions due or to become due to the judgment debtor under the judgment debtor's financial rights, with the power to make all inquiries the judgment debtor might have made; and     (b) make all other orders that the circumstances of the case may require to give effect to the charging order.       (3) Upon a showing that distributions under a charging order will not pay the judgment debt within a reasonable time, the court may foreclose the lien and order the sale of the financial rights. The purchaser at the foreclosure sale obtains only the financial rights that are subject to the charging order, does not thereby become a member, and is subject to Section 16-16-603.     (4) At any time before a sale pursuant to a foreclosure, a member or transferee whose financial rights are subject to a charging order under Subsection (1) may extinguish the charging order by satisfying the judgment and filing a certified copy of the satisfaction with the court that issued the charging order.     (5) At any time before sale pursuant to a foreclosure, the limited cooperative association or one or more members whose financial rights are not subject to the charging order may pay to the judgment creditor the full amount due under the judgment and succeed to the rights of the judgment creditor, including the charging order. Unless the organic rules otherwise provide, the association may act under this Subsection (5) only with the consent of all members whose financial rights are not subject to the charging order.     (6) This chapter does not deprive any member or transferee of the benefit of any exemption laws applicable to the member's or transferee's financial rights.     (7) This section provides the exclusive remedy by which a judgment creditor of a member or transferee may satisfy the judgment from the member's or transferee's financial rights.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-701 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 7 - Marketing Contracts|Section 701 - Authority.

16-16-701. Authority.  In this part, "marketing contract" means a contract between a limited cooperative association and another person, that need not be a patron member:  (1) requiring the other person to sell, or deliver for sale or marketing on the person's behalf, a specified part of the person's products, commodities, or goods exclusively to or through the association or any facilities furnished by the association; or     (2) authorizing the association to act for the person in any manner with respect to the products, commodities, or goods.    Enacted by Chapter 363, 2008 General Session
UT Code § 16-16-702 (2021)
2021 Utah Code|Title 16 - Corporations|Chapter 16 - Uniform Limited Cooperative Association Act|Part 7 - Marketing Contracts|Section 702 - Marketing contracts.

16-16-702. Marketing contracts.    (1) If a marketing contract provides for the sale of products, commodities, or goods to a limited cooperative association, the sale transfers title to the association upon delivery or at any other specific time expressly provided by the contract.     (2) A marketing contract may:   (a) authorize a limited cooperative association to create an enforceable security interest in the products, commodities, or goods delivered; and     (b) allow the association to sell the products, commodities, or goods delivered and pay the sales price on a pooled or other basis after deducting selling costs, processing costs, overhead, expenses, and other charges.       (3) Some or all of the provisions of a marketing contract between a patron member and a limited cooperative association may be contained in the organic rules.    Enacted by Chapter 363, 2008 General Session