UTAH CODE (Last Updated: January 16, 2015) |
Title 16. Corporations |
Chapter 16. Uniform Limited Cooperative Association Act |
Part 8. Directors and Officers |
§ 16-16-805. Term of director.
Latest version.
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(1) Unless the organic rules otherwise provide, and subject to Subsections (3) and (4) and Subsection 16-16-303(3), the term of a director expires at the annual members meeting following the director's election or appointment. The term of a director may not exceed three years. (2) Unless the organic rules otherwise provide, a director may be reelected. (3) Except as otherwise provided in Subsection (4), a director continues to serve until a successor director is elected or appointed and qualifies or the director is removed, resigns, is adjudged incompetent, or dies. (4) Unless the organic rules otherwise provide, a director does not serve the remainder of the director's term if the director ceases to qualify to be a director.
Enacted by Chapter 363, 2008 General Session