Utah Code § 16-6a-607

Current through the 2024 Fourth Special Session

Section 16-6a-607 - Creditor's action against member

A proceeding may not be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless:

(1)

(a) final judgment has been rendered in favor of the creditor against the nonprofit corporation; and

(b) execution has been returned unsatisfied in whole or in part; or

(2) a proceeding described in Subsection (1) would be useless.

Utah Code § 16-6a-607

Enacted by Chapter 300, 2000 General Session.