Utah § 53C-4-101 Criteria for sale, lease, exchange, or other disposition of trust lands.

Utah Statutes

§ 53C-4-101 — Criteria for sale, lease, exchange, or other disposition of trust lands.

Utah § 53C-4-101

Title 53CSchool and Institutional Trust Lands Management Act

Ch. 53C-4Sales, Exchanges, and Leases of Trust Lands

Part 53C-4-1Sales of Trust Lands

This text of Utah § 53C-4-101 (Criteria for sale, lease, exchange, or other disposition of trust lands.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 53C-4-101 (2026).

Text

(1)(1)(a) The director shall establish criteria by rule for the sale, exchange, lease, or other disposition or conveyance of trust lands, including procedures for determining fair market value of those lands.

(1)(b) (1)(b)(i) Nothing in this title or in the administration's rules and procedures shall be considered to require the director or the administration to execute any transaction for the disposition of trust lands on terms that the director determines by a written finding to be unfavorable to the beneficiaries.

(1)(b)(ii) The director shall send a copy of the written finding to each board member for review and comment.

(2)The governor, with the consent of the board, may participate in efforts and initiatives related to school and institutional trust lands inholdings.

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(1) (1)(a) The director shall establish criteria by rule for the sale, exchange, lease, or other disposition or conveyance of trust lands, including procedures for determining fair market value of those lands.
(1)(b) (1)(b)(i) Nothing in this title or in the administration's rules and procedures shall be considered to require the director or the administration to execute any transaction for the disposition of trust lands on terms that the director determines by a written finding to be unfavorable to the beneficiaries.
(1)(b)(ii) The director shall send a copy of the written finding to each board member for review and comment.
(2) The governor, with the consent of the board, may participate in efforts and initiatives related to school and institutional trust lands inholdings.