Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate approves Uniform Limited Cooperative Association Act, allowing optional new coop entity with investor limits
Utah State Senate · February 11, 2008
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The Utah Senate advanced SB69, creating an optional limited cooperative association form permitting outside investors but capping nonmember ownership at 50%; sponsor said the law is permissive and protects patron control.
The Utah Senate moved SB69 forward for third reading after extended floor debate, approving a uniform limited cooperative association option that permits outside investment while protecting member control. The measure was read for the third time after a unanimous roll call (29 yes, 0 nay, 0 absent).
Senator Hilliard, sponsor of SB69,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
