General Provisions Relating to Agricultural Cooperative Associations

  1. Law
  2. Utah Code
  3. Uniform Agricultural Cooperative Association Act
  4. General Provisions Relating to Agricultural Cooperative Associations

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Section
1

Declaration of policy.

Section
1.1

General corporation laws do not apply.

Section
2

Definitions.

Section
3

Qualifications of incorporators.

Section
4

Purposes.

Section
5

Articles of incorporation.

Section
6

Filing articles of incorporation -- Certificate of incorporation -- Fees -- Constructive notice.

Section
7

Amendments to articles of incorporation.

Section
8

Bylaws.

Section
9

Powers.

Section
10

Members -- Qualifications and liabilities -- Voting rights.

Section
11

Certificates of and termination of membership -- Dividends and distribution of reserves -- Preferred stock -- Certificates of interest -- Unclaimed credits.

Section
12

Meetings.

Section
12.1

Quorum -- Voting.

Section
12.2

Waiver of notice.

Section
13

Directors.

Section
13.1

Limitation of personal liability of officers and directors.

Section
13.2

Place and notice of directors' meetings -- Action without meeting -- Meetings by telephone conference calls.

Section
13.3

General standards of conduct for directors and officers.

Section
13.4

Indemnification of officers, directors, employees, fiduciaries, and agents.

Section
13.5

Conflicts of interest.

Section
13.6

Quorum and voting.

Section
13.7

Resignation of directors.

Section
13.8

Director committees.

Section
14

Removal of director.

Section
15

Officers.

Section
15.1

Duties of officers.

Section
16

Removal of officer.

Section
16.1

Resignation of officers.

Section
17

Contracts with association.

Section
18

Inducing breach of contract -- False reports -- Penalty.

Section
19

Association not in restraint of trade -- Right to disseminate information.

Section
20

Voluntary dissolution -- Distribution of assets -- Proceedings.

Section
20.1

Grounds for judicial dissolution.

Section
20.2

Procedure for judicial dissolution.

Section
20.3

Receivership or custodianship.

Section
20.4

Decree of dissolution.

Section
21

Existing associations continued under chapter.

Section
22

Accrued rights not affected by chapter.

Section
23

Use of term "cooperative" limited.

Section
24

Eligible foreign corporations may operate under chapter.

Section
25

Filing of annual reports.

Section
26

Separability clause.

Section
27

Construction of chapter.

Section
28

Short title.

Section
29

Inconsistent acts repealed -- Existing associations continued.

Section
30

Authorization for merger or consolidation with other associations or corporations -- Laws governing surviving or new corporation.

Section
31

Contents and approval of plan of merger or consolidation.

Section
32

Notice to members and shareholders of meeting to vote on plan of merger or consolidation.

Section
33

Determination of members and shareholders entitled to notice of or to vote on plan of merger or consolidation.

Section
34

Quorum at meeting to vote on plan of merger or consolidation.

Section
35

Procedure at meeting to vote on plan of merger or consolidation -- Abandonment of merger or consolidation prior to filing articles.

Section
36

Articles of merger or consolidation -- Execution, contents, and filing of articles -- Issuance of certificate of merger or consolidation -- Fees.

Section
37

Effect of merger or consolidation.

Section
38

Procedure for and effect of merger or consolidation of foreign and domestic corporations or associations.

Section
41

Domestic or foreign corporations or associations -- Plan of merger -- Articles of merger -- Certificate of merger.

Section
42

Association's records.

Section
43

Inspection of records.

Section
44

Registered office and agent.

Section
45

Sale, mortgage, and lease of assets.

Section
46

Conversion to a limited cooperative association.