53D-2-202. Advocacy office -- Authority and responsibilities.
(1) The advocacy office, acting with undivided loyalty to the trust beneficiaries, shall: represent the trust beneficiaries by: staying informed on the administration of the trust assets, budgets, policies, and rules, including: significant School and Institutional Trust Lands Administration transactions; and the School and Institutional Trust Fund Office investments and investment policies; communicating on the trust beneficiaries' behalf when appropriate and lawful, unless a trust beneficiary notifies the advocacy office in writing that the beneficiary will communicate on the beneficiary's own behalf involving a specific issue or matter; and reporting to trust beneficiaries and the Legislature, as described in Subsection; 53D-2-402(2)(m) advocate on behalf of trust beneficiaries for: effective governance of the trusts; proper management and optimal performance of trust assets; efficient and lawful distribution of funds; the trust beneficiaries' current and future best interests; and the safeguarding of the trust assets from the pursuit of another state purpose which is inconsistent with the beneficiaries' rights and interests; and advise the trust beneficiaries by: assisting the trust beneficiaries' understanding of collective and respective interests and rights; monitoring compliant use of trust distributions by beneficiaries as described in Section; 53D-2-501 informing the trust beneficiaries of trust activities, proposals, and decisions; and facilitating resolutions of trust beneficiary disputes, as described in Subsection. 53D-2-402(3)(b)
(2) The advocacy office, whether acting through the advocacy director or the advocacy council, or otherwise, does not have authority to nullify trustee agency actions, including trustee board actions.