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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Two or more nonprofit corporations may have members, directors, or officers that are common to each nonprofit corporation.
(2) The fact of common members, directors, or officers in two or more nonprofit corporations may not, by itself, create an inference that the nonprofit corporations individually or collectively:
(a) are agents or alter egos of one another; or
(b) have been formed or availed of, for an improper purpose.
(3) The doctrine of “piercing the corporate veil” may not be applied to one or more nonprofit corporations solely because of the fact of common members, directors, or officers.
Cite this article: FindLaw.com - Utah Code Title 16. Corporations § 16-6a-826. Common members, directors, or officers - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-16-corporations/ut-code-sect-16-6a-826/
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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