Utah Code 16-16-514. Voting requirements for members
Current as of: 2024 | Check for updates
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(1) If a limited cooperative association has both patron and investor members, the following rules apply:
(1)(a) the total voting power of all patron members may not be less than a majority of the entire voting power entitled to vote; and
(1)(b) action on any matter is approved only upon the affirmative vote of at least a majority of:
(1)(b)(i) all members voting at the meeting unless more than a majority is required by this chapter or the organic rules; and
(1)(b)(ii) votes cast by patron members unless the organic rules require a larger affirmative vote by patron members.
(2) The organic rules may provide for the percentage of the affirmative votes that must be cast by investor members to approve the matter.
