16-16-817 - Committees.
16-16-817. Committees.
(1) Unless the organic rules otherwise provide, a board of directors may create one ormore committees and appoint one or more individuals to serve on a committee.
(2) Unless the organic rules otherwise provide, an individual appointed to serve on acommittee of a limited cooperative association need not be a director or member.
(3) An individual who is not a director and is serving on a committee has the same rights,duties, and obligations as a director serving on the committee.
(4) Unless the organic rules otherwise provide, each committee of a limited cooperativeassociation may exercise the powers delegated to it by the board of directors, but a committeemay not:
(a) approve allocations or distributions except according to a formula or methodprescribed by the board of directors;
(b) approve or propose to members action requiring approval of members; or
(c) fill vacancies on the board of directors or any of its committees.
Enacted by Chapter 363, 2008 General Session