16-16-820 - Other considerations of directors. - Utah Statutes

16-16-820. Other considerations of directors.
Unless the articles of organization otherwise provide, in considering the best interests of alimited 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 patronmembers, 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 thedecision.

Enacted by Chapter 363, 2008 General Session