UTAH CODE (Last Updated: January 16, 2015) |
Title 16. Corporations |
Chapter 16. Uniform Limited Cooperative Association Act |
Part 16. Conversion and Merger |
§ 16-16-1602. Conversion.
Latest version.
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(1) An entity that is not a limited cooperative association may convert to a limited cooperative association and a limited cooperative association may convert to an entity that is not a limited cooperative association pursuant to this section, Sections 16-16-1603 through 16-16-1605, and a plan of conversion, if: (a) the other entity's organic law authorizes the conversion; (b) the conversion is not prohibited by the law of the jurisdiction that enacted the other entity's organic law; and (c) the other entity complies with its organic law in effecting the conversion.
Amended by Chapter 378, 2010 General Session