Current through the 2024 Fourth Special Session
Section 48-4-102 - Application and effect of chapter(1) This chapter applies to a benefit company organized under this chapter.(2)(a) The existence of a provision in this chapter does not itself create an implication that a contrary or different rule of law is applicable to a limited liability company that is not a benefit company.(b) This chapter does not affect a statute or rule of law that is applicable to a limited liability company that is not a benefit company.(3)(a) Except as otherwise provided in this chapter, Title 48, Chapter 3a, Utah Revised Uniform Limited Liability Company Act, applies to a benefit company.(b) The provisions of this chapter control over any inconsistent provision of Title 48, Chapter 3a, Utah Revised Uniform Limited Liability Company Act.(4) The operating agreement of a benefit company may not limit, be inconsistent with, or supersede a provision of this chapter.Amended by Chapter 136, 2019 General Session ,§ 51, eff. 5/14/2019.Added by Chapter 201, 2018 General Session ,§ 2, eff. 5/8/2018.