Utah § 16-21-201 - Company purpose. (Effective 10/1/2026)

Full text of Utah Utah Code § 16-21-201 — Company purpose. (Effective 10/1/2026), with citation guidance and answers to common questions.

§ 16-21-201. Company purpose. (Effective 10/1/2026)

Effective 10/1/2026
16-21-201.  Company purpose.
(1)In addition to the benefit company's purpose under Section 16-20-103, a benefit company shall have a purpose of creating general public benefit.
(2)
(a)A benefit company's certificate of organization may identify one or more specific public benefits that are the purposes of the benefit company to create.
(b)Identifying a specific public benefit in accordance with Subsection (2)(a) does not affect a benefit company's obligation to create general public benefit in accordance with Subsection (1).
(3)The creation of general public benefit and one or more specific public benefits is in the best interests of the benefit company.
(4)
(a)A benefit company may amend the benefit company's certificate or organization to add, amend, or delete a specific public benefit.
(b)An amendment described in Subsection (4)(a) is not effective unless adopted by at least the minimum status vote.


Renumbered and Amended by Chapter 92, 2026 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 16-21-201

What does Utah Code § 16-21-201 cover?

Section 16-21-201 ("Company purpose. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 16-21-201?

A common citation format is "Utah Code § 16-21-201" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 16-21-201 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.