Terms Used In Utah Code 16-16-115

  • Contract: A legal written agreement that becomes binding when signed.
     Subject to Sections 16-16-818 and 16-16-819 and except as otherwise provided in the organic rules or a specific contract relating to a transaction, a member may lend money to and transact other business with a limited cooperative association in the same manner as a person that is not a member.

Enacted by Chapter 363, 2008 General Session