A member’s interest:

(1) is personal property;

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Terms Used In Utah Code 16-16-601

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) consists of:

     (2)(a) governance rights;
     (2)(b) financial rights; and
     (2)(c) the right or obligation, if any, to do business with the limited cooperative association; and
(3) may be in certificated or uncertificated form.