Utah Code 3-1-23. Use of term “cooperative” limited
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Terms Used In Utah Code 3-1-23
- 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.
No person, firm, corporation, or association, domestic or foreign, hereafter commencing business in this state shall use the word “cooperative” as a part of its corporate or business name unless it has complied with the provisions of this act or some other statute of this state relating to co-operative associations. A foreign association organized under and complying with the co-operative law of the state of such association’s creation shall be entitled to use the term “cooperative” in this state if it has obtained the privilege of doing business in this state.
No Change Since 1953