(1) To amend its articles of organization, a limited cooperative association shall
deliver to the division for filing an amendment of the articles, or restated articles
of organization or articles of conversion or merger pursuant to Part 16, Conversion
and Merger, which contain one or more amendments of the articles of organization,
(a) the name of the association;
(b) the date of filing of the association's initial articles; and
(c) the changes the amendment makes to the articles as most recently amended or restated.
(2) Before the beginning of the initial meeting of the board of directors, an organizer
who knows that information in the filed articles of organization was inaccurate when
the articles were filed or has become inaccurate due to changed circumstances shall
(a) cause the articles to be amended; or
(b) if appropriate, deliver an amendment to the division for filing pursuant to Section 16-16-203.
(3) If restated articles of organization are adopted, the restated articles may be
delivered to the division for filing in the same manner as an amendment.
(4) Upon filing, an amendment of the articles of organization or other record containing
an amendment of the articles which has been properly adopted by the members is effective
as provided in Subsection 16-16-203(3).
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.