Utah Code § 16-16-820

Current through the 2024 Fourth Special Session

Section 16-16-820 - Other considerations of directors

Unless the articles of organization otherwise provide, in considering the best interests of a limited cooperative association, a director of the association in discharging the duties of director, in conjunction with considering the long and short term interest of the association and its patron members, may consider:

(1) the interest of employees, customers, and suppliers of the association;

(2) the interest of the community in which the association operates; and

(3) other cooperative principles and values that may be applied in the context of the decision.

Utah Code § 16-16-820

Enacted by Chapter 363, 2008 General Session.