UTAH CODE (Last Updated: January 16, 2015) |
Title 16. Corporations |
Chapter 16. Uniform Limited Cooperative Association Act |
Part 7. Marketing Contracts |
§ 16-16-703. Duration of marketing contract.
Latest version.
- The initial duration of a marketing contract may not exceed 10 years, but the contract may be self-renewing for additional periods not exceeding five years each. Unless the contract provides for another manner or time for termination, either party may terminate the contract by giving notice in a record at least 90 days before the end of the current term.
Enacted by Chapter 363, 2008 General Session