UTAH CODE (Last Updated: January 16, 2015) |
Title 16. Corporations |
Chapter 16. Uniform Limited Cooperative Association Act |
Part 4. Amendment of Organic Rules of Limited Cooperative Association |
§ 16-16-404. Voting by district, class, or voting group.
Latest version.
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(1) This section applies if the organic rules provide for voting by district or class, or if there is one or more identifiable voting groups that a proposed amendment to the organic rules would affect differently from other members with respect to matters identified in Subsections 16-16-405(5)(a) through (e). Approval of the amendment requires the same percentage of votes of the members of that district, class, or voting group required in Sections 16-16-405 and 16-16-514. (2) If a proposed amendment to the organic rules would affect members in two or more districts or classes entitled to vote separately under Subsection (1) in the same or a substantially similar way, the districts or classes affected shall vote as a single voting group unless the organic rules otherwise provide for separate voting.
Amended by Chapter 378, 2010 General Session