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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Unless the organic rules otherwise provide, a board of directors may create one or more committees and appoint one or more individuals to serve on a committee.
(2) Unless the organic rules otherwise provide, an individual appointed to serve on a committee of a limited cooperative association need not be a director or member.
(3) An individual who is not a director and is serving on a committee has the same rights, duties, and obligations as a director serving on the committee.
(4) Unless the organic rules otherwise provide, each committee of a limited cooperative association may exercise the powers delegated to it by the board of directors, but a committee may not:
(a) approve allocations or distributions except according to a formula or method prescribed by the board of directors;
(b) approve or propose to members action requiring approval of members; or
(c) fill vacancies on the board of directors or any of its committees.
Cite this article: FindLaw.com - Utah Code Title 16. Corporations § 16-16-817. Committees - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-16-corporations/ut-code-sect-16-16-817/
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 before relying on it for your legal needs.
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