- (1) This chapter applies to a benefit company organized under this chapter.
(2)
- (a) The existence of a provision in this chapter does not itself create an implication that a contrary or different rule of law is applicable to a limited liability company that is not a benefit company.
- (b) This chapter does not affect a statute or rule of law that is applicable to a limited liability company that is not a benefit company.
(3)
- (a) Except as otherwise provided in this chapter, Chapter 20, Utah Revised Uniform Limited Liability Company Act, applies to a benefit company.
- (b) The provisions of this chapter control over any inconsistent provision of Chapter 20, Utah Revised Uniform Limited Liability Company Act.
- (4) The operating agreement of a benefit company may not limit, be inconsistent with, or supersede a provision of this chapter.
Renumbered and Amended by Chapter 92, 2026 General Session