LegalFix
Sign In

Section 606 - Members of a segment.

UT Code § 11-13-606 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) Except as otherwise provided by a segment's organizing resolution in accordance with Subsection (2), a segment's associated entity is the sole member of the segment.

(2) A segment's organizing resolution may provide that a segment's membership includes a public agency other than the segment's associated entity only if the organizing resolution provides: (a) the relative rights, powers, and duties of the segment's members; (b) whether the members exercise the members' rights and powers and discharge the members' duties in one or more classes or groups; (c) the method by which a member's membership in the segment is terminated; (d) the effect of a member's termination; and (e) the effect of the termination of the last member's membership in the segment, including the effect on the existence of the segment.

(a) the relative rights, powers, and duties of the segment's members;

(b) whether the members exercise the members' rights and powers and discharge the members' duties in one or more classes or groups;

(c) the method by which a member's membership in the segment is terminated;

(d) the effect of a member's termination; and

(e) the effect of the termination of the last member's membership in the segment, including the effect on the existence of the segment.

Previous Section
Section 605 - Notice of limitation on liabilities of segments.
Next Section
Section 607 - Limitations of liability for directors and officers.