16-16-801 - Board of directors. - Utah Statutes

16-16-801. Board of directors.
(1) A limited cooperative association shall have a board of directors of at least threeindividuals, unless the association has fewer than three members. If the association has fewerthan three members, the number of directors may not be fewer than the number of members.
(2) The affairs of a limited cooperative association shall be managed by, or under thedirection of, the board of directors. The board may adopt policies and procedures that do notconflict with the organic rules or this chapter.
(3) An individual is not an agent for a limited cooperative association solely by being adirector.

Amended by Chapter 378, 2010 General Session