16-16-822 - Appointment and authority of officers. - Utah Statutes

16-16-822. Appointment and authority of officers.
(1) A limited cooperative association has the officers:
(a) provided in the organic rules; or
(b) established by the board of directors in a manner not inconsistent with the organicrules.
(2) The organic rules may designate or, if the rules do not designate, the board ofdirectors shall designate, one of the association's officers for preparing all records required bySection 16-16-114 and for the authentication of records.
(3) Unless the organic rules otherwise provide, the board of directors shall appoint theofficers of the limited cooperative association.
(4) Officers of a limited cooperative association shall perform the duties the organic rulesprescribe or as authorized by the board of directors not in a manner inconsistent with the organicrules.
(5) The election or appointment of an officer of a limited cooperative association doesnot of itself create a contract between the association and the officer.
(6) Unless the organic rules otherwise provide, an individual may simultaneously holdmore than one office in a limited cooperative association.

Enacted by Chapter 363, 2008 General Session