Utah Code § 16-16-820
Other considerations of directors
Utah · Utah Code Title 16 — Business Entities · Status: effective
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- Citation
- Utah Code § 16-16-820, Other considerations of directors, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328369
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Full text
Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider:
(1) the interest of employees, customers, and suppliers of the association;
(2) the interest of the community in which the association operates; and
(3) other cooperative principles and values that may be applied in the context of the decision.