Utah Code § 16-16-602
Patron and investor members' interests
Utah · Utah Code Title 16 — Business Entities · Status: effective
Cite this
- Citation
- Utah Code § 16-16-602, Patron and investor members' interests, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328340
- Permanent ID
ys:prov:2328340@1- SHA-256
bcb159d60cad640c6573701ee02dd7ab1da710bcf6801c0c9a691617b52433d1
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.