by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Termination, expulsion, or suspension 7-126-302. Termination, expulsion, or suspension(1) Unless otherwise provided by the bylaws, no member of a nonprofit corporation may be...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 128 – Directors and Officers Liability of directors for unlawful distributions 7-128-403. Liability of directors for unlawful distributions(1) A director who votes for or assents to a distribution made in...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Termination, expulsion, or suspension 7-126-302. Termination, expulsion, or suspension(1) Unless otherwise provided by the bylaws, no member of a nonprofit corporation may be...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Residential membership – return of consideration – cessation of periodic payments – time limits – effective date (1) Notwithstanding any provision of the...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Purchase of memberships Unless otherwise provided by the bylaws, a nonprofit corporation shall not purchase the membership of a member who resigns or whose membership is...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 121 – General Provisions Powers – repeal. (Repealed)
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Lesser or greater quorum or greater voting requirements 7-127-207. Lesser or greater quorum or greater voting requirements(1) The bylaws may provide for a lesser or a...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Creditor’s action against member No proceeding may be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless final judgment has...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 126 – Members and Memberships Transfers 7-126-202. Transfers(1) Unless otherwise provided by the bylaws, no member of a nonprofit corporation may transfer a membership or any right arising therefrom.(2) Where...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 127 – Members’ Meetings and Voting Action by written ballot 7-127-109. Action by written ballot(1) Unless otherwise provided by the bylaws, any action that may be taken at any annual, regular, or special...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 122 – Incorporation Emergency bylaws 7-122-107. Emergency bylaws(1) Unless otherwise provided in the articles of incorporation, the board of directors may adopt bylaws to be effective only in an emergency as...
by Goodman Law Group | Jan 2, 2022
Title 7 – Corporations and Associations Article 122 – Incorporation Bylaws 7-122-106. Bylaws(1) The board of directors or, if no directors have been named or elected, the incorporators may adopt initial bylaws. If neither the incorporators nor the board of...
