The law of this
state governs:
| (1) |
the internal affairs of a limited cooperative association; and |
Terms Used In Utah Code 16-16-107
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
| (2) |
the liability of a member as member and a director as director for the debts, obligations, or other liabilities of a limited cooperative association. |
Enacted by Chapter 363, 2008 General Session
