16-6a-301.  Purposes.

(1)  Every nonprofit corporation incorporated under this chapter that in its articles of incorporation has a statement meeting the requirements of Subsection 16-6a-202(3)(a) may engage in any lawful activity except for express limitations set forth in the articles of incorporation.

non profit

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Terms Used In Utah Code 16-6a-301

  • Articles of incorporation: include :
(a) amended articles of incorporation;
(b) restated articles of incorporation;
(c) articles of merger; and
(d) a document of a similar import to the documents described in Subsections (3)(a) through (c). See Utah Code 16-6a-102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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
  • Statute: A law passed by a legislature.
    • (2) 

    (a)  A nonprofit corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.

    (b)  Without limiting Subsection (2)(a), an organization may not be organized under this chapter if the organization is subject to the:

    (i)  insurance laws of this state; or

    (ii)  laws governing depository institutions as defined in Section 7-1-103.

    Amended by Chapter 168, 2017 General Session

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