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Utah Statutes, Title 63E

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Title 63E, Title 63E: Independent Entities Code

2 chapters · 24 sections in this title.

All chapters in Title 63E24 Ch 63E-1, Chapter 63E-1: Independent Entities Act13 Ch 63E-2, Chapter 63E-2: Independent Corporati…11

11 sections·Filtered byTitle 63E✕Ch 63E-2✕

Utah Code § 63E-2-101 Title.
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63E-2-101. Title. This chapter is known as the "Independent Corporations Act."
Utah Code § 63E-2-102 Independent corporations.
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63E-2-102. Independent corporations. An independent corporation is granted a franchise to incorporate in this state in accordance with this title and its authorizing statute.
Utah Code § 63E-2-103 Public purpose -- Legislative findings.
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63E-2-103. Public purpose -- Legislative findings. (1) Each independent corporation shall have a specific public purpose related to the state or its citizens stated in its authorizing statute. (2) Prior to enacting its authorizing statute, the Legislature shall make a finding tha…
Utah Code § 63E-2-104 Legislative review.
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63E-2-104. Legislative review. (1) Each independent corporation is subject to: review by the Retirement and Independent Entities Committee in accordance with; and Chapter 1, Independent Entities Act the authority of the legislative auditor general in accordance with, and Section.…

Utah Code § 63E-2-105 Boards.

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63E-2-105. Boards. (1) As used in this section, "director" includes a trustee or other board member. (2) Each independent corporation shall be governed by a board of directors. (3) The authorizing statute of each independent corporation shall specify: the process for appointing, …

Utah Code § 63E-2-106 Powers.

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63E-2-106. Powers. Except as specifically modified in its authorizing statute, each independent corporation shall have the power to: (1) exist as a: public corporation; or quasi-public corporation; (2) perform its stated public purpose; (3) sue and be sued in its own name; (4) re…

Utah Code § 63E-2-107 Prohibited participation.

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63E-2-107. Prohibited participation. Except as specifically modified in its authorizing statute, each independent corporation may not participate in the: (1) issuance of bonds that are the obligation of the state; or (2) services provided to state agencies, including: fuel dispen…

Utah Code § 63E-2-108 Eligible participation.

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63E-2-108. Eligible participation. Except as specifically modified in its authorizing statute, each independent corporation may participate in the state retirement system.

Utah Code § 63E-2-109 State statutes.

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63E-2-109. State statutes. (1) Except as specifically modified in its authorizing statute, each independent corporation shall be exempt from the statutes governing state agencies, including:; Title 51, Chapter 5, Funds Consolidation Act; Title 51, Chapter 7, State Money Managemen…

Utah Code § 63E-2-110 Budgetary and fiscal requirements.

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63E-2-110. Budgetary and fiscal requirements. (1) The board of each independent corporation shall annually adopt a budget. (2) All money held in trust by an independent corporation is not public funds, even if they were public funds before the money was received by the independen…

Utah Code § 63E-2-111 State liability.

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63E-2-111. State liability. Except as expressly provided in this title or in an authorizing statute, the state is not liable for any independent corporation's obligations, expenses, debts, and liabilities.