STATE STATUTES & CODES

UTAH STATUTES AND CODES

Chapter 02c - Utah Revised Limited Liability Company Act

• 48-2c-101 - Title.
• 48-2c-102 - Definitions.
• 48-2c-103 - Application of partnership provisions.
• 48-2c-104 - Separate legal entity.
• 48-2c-105 - Purpose.
• 48-2c-106 - Name -- Exclusive right.
• 48-2c-107 - Limited liability company name -- Limited rights.
• 48-2c-108 - Reservation of name.
• 48-2c-109 - Transaction of business outside state.
• 48-2c-110 - Powers.
• 48-2c-113 - Inspection of records by members and managers.
• 48-2c-114 - Scope of inspection right.
• 48-2c-115 - Court-ordered inspection.
• 48-2c-116 - Member or manager as a party to proceedings.
• 48-2c-118 - Waiver of notice.
• 48-2c-119 - Transaction of members or managers with company.
• 48-2c-120 - Articles of organization and operating agreement.
• 48-2c-121 - Scope of notice.
• 48-2c-122 - Statement of person named as manager or member.
• 48-2c-201 - Place for filings.
• 48-2c-202 - Record of filings.
• 48-2c-203 - Annual report.
• 48-2c-204 - Signing of documents filed with division.
• 48-2c-205 - Penalty for signing false documents.
• 48-2c-206 - Powers of the division.
• 48-2c-207 - Filing requirements.
• 48-2c-208 - Effective time and date of filed documents.
• 48-2c-209 - Correcting filed documents.
• 48-2c-210 - Filing duty of division.
• 48-2c-211 - Appeal from division's refusal to file document.
• 48-2c-212 - Evidentiary effect of copy of filed document.
• 48-2c-213 - Certificates issued by the division.
• 48-2c-214 - Fees.
• 48-2c-305 - Director of division as agent for service of process -- Records of process served.
• 48-2c-309 - Service on withdrawn foreign company.
• 48-2c-311 - Venue for action against foreign company.
• 48-2c-401 - Organizer.
• 48-2c-402 - Formation of company.
• 48-2c-403 - Articles of organization.
• 48-2c-404 - Prefiling activities.
• 48-2c-405 - When amendment to articles of organization required.
• 48-2c-406 - Actions not requiring amendment.
• 48-2c-407 - Authority to amend articles of organization.
• 48-2c-408 - Certificate of amendment to articles of organization.
• 48-2c-409 - Restated articles of organization.
• 48-2c-410 - Transfer to other jurisdiction.
• 48-2c-411 - Domestication of foreign company.
• 48-2c-412 - Low-profit limited liability company.
• 48-2c-501 - Initial agreement.
• 48-2c-502 - General rules for operating agreements.
• 48-2c-503 - Timing.
• 48-2c-504 - Operating agreement for a one-member company.
• 48-2c-505 - Interpretation and enforcement.
• 48-2c-506 - Amendment.
• 48-2c-601 - General rule.
• 48-2c-602 - Exceptions to limited liability.
• 48-2c-603 - Waiver of exceptions to limited liability.
• 48-2c-604 - Waiver of protection of limited liability.
• 48-2c-605 - No formalities required to maintain limited liability.
• 48-2c-606 - Series of members, managers, or limited liability company interests.
• 48-2c-607 - Notice of series -- Articles of organization.
• 48-2c-608 - Agreement to be liable.
• 48-2c-609 - Series related provisions in operating agreement.
• 48-2c-610 - Management of a series.
• 48-2c-611 - Distributions concerning a series.
• 48-2c-612 - Member removal from a series -- Effect.
• 48-2c-613 - Termination of series.
• 48-2c-614 - Court-decreed termination of series.
• 48-2c-615 - Participation in winding up.
• 48-2c-616 - Foreign limited liability company -- Series.
• 48-2c-701 - Nature of member interest.
• 48-2c-702 - Initial members.
• 48-2c-703 - Additional members.
• 48-2c-704 - Meetings of members.
• 48-2c-705 - Voting.
• 48-2c-706 - Action by members without a meeting.
• 48-2c-707 - Classes of members.
• 48-2c-708 - Cessation of membership.
• 48-2c-709 - Withdrawal of a member.
• 48-2c-710 - Expulsion of a member.
• 48-2c-801 - Management structure.
• 48-2c-802 - Agency authority of members and managers.
• 48-2c-803 - Management by members.
• 48-2c-803.1 - Individual profits interest.
• 48-2c-804 - Management by managers.
• 48-2c-805 - Delegation of authority and power to manage.
• 48-2c-806 - Reliance by member or manager on reports and information.
• 48-2c-807 - Duties of managers and members.
• 48-2c-808 - Actions by multiple managers.
• 48-2c-809 - Removal by judicial proceeding.
• 48-2c-901 - Form of contribution.
• 48-2c-902 - Assessments for additional contributions.
• 48-2c-903 - Capital accounts.
• 48-2c-904 - Valuation of member's interest in the company.
• 48-2c-905 - Redemption of interest.
• 48-2c-906 - Allocation of profits and losses.
• 48-2c-1001 - Allocation of current distributions.
• 48-2c-1002 - Timing of distributions.
• 48-2c-1003 - Liquidating distributions.
• 48-2c-1004 - Right to distributions.
• 48-2c-1005 - Limitations on distributions.
• 48-2c-1006 - Duty to return wrongful distributions.
• 48-2c-1007 - Distribution in kind.
• 48-2c-1008 - Unclaimed distributions.
• 48-2c-1101 - Assignment of interests.
• 48-2c-1102 - Rights of assignee.
• 48-2c-1103 - Rights of creditor of member.
• 48-2c-1104 - Right of assignee to become member.
• 48-2c-1105 - Liability of assignor continues.
• 48-2c-1106 - Invalid transfers.
• 48-2c-1201 - Events of dissolution.
• 48-2c-1202 - Voluntary cancellation of certificate.
• 48-2c-1203 - Effect of dissolution.
• 48-2c-1204 - Articles of dissolution.
• 48-2c-1205 - Revocation of voluntary dissolution.
• 48-2c-1206 - Grounds for administrative dissolution.
• 48-2c-1207 - Procedure for and effect of administrative dissolution.
• 48-2c-1208 - Reinstatement following administrative dissolution.
• 48-2c-1209 - Appeal from denial of reinstatement.
• 48-2c-1210 - Grounds for judicial dissolution.
• 48-2c-1211 - Procedure for judicial dissolution.
• 48-2c-1212 - Receivership or custodianship.
• 48-2c-1213 - Decree of dissolution.
• 48-2c-1214 - Election to purchase in lieu of dissolution.
• 48-2c-1301 - Winding up defined.
• 48-2c-1302 - Powers of company in winding up.
• 48-2c-1303 - Persons authorized to wind up.
• 48-2c-1304 - Payment of claims and obligations.
• 48-2c-1305 - Disposition of known claims by notification.
• 48-2c-1306 - Disposition of claims by publication.
• 48-2c-1307 - Enforcement of claims against dissolved company in winding up.
• 48-2c-1308 - Distribution of assets on winding up.
• 48-2c-1309 - Deposit with state treasurer.
• 48-2c-1401 - Conversion of certain entities to a domestic company.
• 48-2c-1402 - Articles of conversion.
• 48-2c-1403 - Effect of conversion.
• 48-2c-1404 - Approval of conversion.
• 48-2c-1405 - No limitation on other changes.
• 48-2c-1406 - Approval of company conversion to other entity.
• 48-2c-1407 - Merger.
• 48-2c-1408 - Approval of merger.
• 48-2c-1409 - Articles of merger.
• 48-2c-1410 - Effect of merger.
• 48-2c-1411 - Conversion or merger of a low-profit limited liability company.
• 48-2c-1501 - Purpose of Part 15.
• 48-2c-1502 - Definitions.
• 48-2c-1503 - Rendering professional services.
• 48-2c-1504 - No limits on regulating board.
• 48-2c-1505 - Name limitations.
• 48-2c-1506 - Activity limitations.
• 48-2c-1507 - Limit of one profession.
• 48-2c-1508 - Members and managers restricted to professionals.
• 48-2c-1509 - Additional requirements for articles of organization.
• 48-2c-1510 - Restrictions on transfers by members.
• 48-2c-1511 - Purchase of interest upon death, incapacity, or disqualification of members.
• 48-2c-1512 - Conversion to nonprofessional company.
• 48-2c-1513 - Application of Part 15.
• 48-2c-1601 - Law governing foreign companies.
• 48-2c-1602 - Authority to transact business required.
• 48-2c-1603 - Consequences of transacting business without authority.
• 48-2c-1604 - Application for authority to transact business.
• 48-2c-1605 - Amended application for authority to transact business.
• 48-2c-1606 - Effect of filing an application for authority to transact business.
• 48-2c-1607 - Company name and assumed company name of foreign company.
• 48-2c-1608 - Registered name of foreign company.
• 48-2c-1609 - Amendment of articles of organization of foreign company.
• 48-2c-1610 - Merger of foreign company authorized to transact business in this state.
• 48-2c-1611 - Withdrawal of foreign company.
• 48-2c-1612 - Grounds for revocation.
• 48-2c-1613 - Procedure for and effect of revocation.
• 48-2c-1614 - Appeal from revocation.
• 48-2c-1615 - Actions to restrain transaction of business in state.
• 48-2c-1701 - Right of action.
• 48-2c-1702 - Proper plaintiff.
• 48-2c-1703 - Pleading.
• 48-2c-1704 - Stay of proceedings.
• 48-2c-1705 - Expenses.
• 48-2c-1706 - Security and costs.
• 48-2c-1801 - Definitions.
• 48-2c-1802 - Authority to indemnify.
• 48-2c-1803 - Mandatory indemnification of managers.
• 48-2c-1804 - Advancement of expenses.
• 48-2c-1805 - Court-ordered indemnification.
• 48-2c-1806 - Determination and authorization of indemnification.
• 48-2c-1807 - Indemnification of members, employees, fiduciaries, and agents.
• 48-2c-1808 - Insurance.
• 48-2c-1809 - Limitations on indemnification.
• 48-2c-1901 - Legislative intent -- Freedom of contract.
• 48-2c-1902 - Transitional provisions.

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