Utah Code 16-6a-602. Number and classes

(1)

A nonprofit corporation may have:

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Terms Used In Utah Code 16-6a-602

Bylaws: includes :

(i)	amended bylaws; and

(ii)

restated bylaws. See Utah Code 16-6a-102

Class: means a group of memberships that has the same right with respect to voting, dissolution, redemption, transfer, or other characteristics. 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.

Vote: includes authorization by:

(a)	written ballot; and

(b)	written consent. See Utah Code 16-6a-102
(a)	one or more classes of voting or nonvoting members; and

(b)	one or more members in each class described in Subsection (1)(a).

(2)

The bylaws may designate:

(a)	the class or classes of members; and

(b)	the qualifications and rights of the members of each class of members including the matters or items for which voting members may vote.

Enacted by Chapter 300, 2000 General Session

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