Section 1501 - Disposition of assets not requiring member approval.

UT Code § 16-16-1501 (2019) (N/A)
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(1) sell, lease, exchange, license, or otherwise dispose of all or any part of the assets of the association in the usual and regular course of business; or

(2) mortgage, pledge, dedicate to the repayment of indebtedness, or encumber in any way all or any part of the assets of the association whether or not in the usual and regular course of business.