Voting requirements for members.

1. Law
2. Utah Code
3. Corporations
4. Uniform Limited Cooperative Association Act
5. Members
6. 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.

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