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Utah Code Title 16. Corporations § 16-6a-1014. Amendment terminating members or redeeming or canceling memberships

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) An amendment to the articles of incorporation or bylaws of a nonprofit corporation shall meet the requirements of this chapter and this section if the amendment would:

(a) terminate all members or any class of members; or

(b) redeem or cancel all memberships or any class of memberships.

(2) Before adopting a resolution proposing an amendment as described in Subsection (1), the board of directors of a nonprofit corporation shall give notice of the general nature of the amendment to the members.

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Cite this article: FindLaw.com - Utah Code Title 16. Corporations § 16-6a-1014. Amendment terminating members or redeeming or canceling memberships - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-16-corporations/ut-code-sect-16-6a-1014/

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