Utah Statutes
§ 53D-1-401 — Appointment of director -- Qualifications -- Nature of employment -- Removal by petition.
Utah·Title 53D School and Institutional Trust Fund Management and Land Trusts Protection and Advocacy Office·Ch. 53D-1 School and Institutional Trust Fund Management Act·Part 53D-1-4 Director
(1)The office shall be managed by a director.
(2)If there is a vacancy in the director position, the board shall appoint an individual as director.
(3)The board shall ensure that an individual appointed as director possesses:
(3)(a) outstanding professional qualifications pertinent to the prudent investment of trust fund money; and
(3)(b) expertise in institutional investment management.
(4)The director is an at-will employee who may be removed by the board at any time with or without cause.
(5)(5)(a) The advocacy office director may submit a written petition to the board requesting the board to remove the director for cause, explained in the petition.
(5)(b) The board shall hold a hearing on a petition under Subsection (5)(a) within 45 days after receiving the petition.
(5)(c) If, a
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Utah § 53D-1-401 (Appointment of director -- Qualifications -- Nature of employment -- Removal by petition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 448, 2018 General Session
Nearby Sections
15
§ 53D-1-102
Definitions.§ 53D-1-103
Application of other law.§ 53D-1-104
Attorney general representation.§ 53D-1-105
Annual audit by state auditor.§ 53D-1-202
Access to office records and personnel.§ 53D-1-203
Funding of office operations.§ 53D-1-301
Board of trustees -- Creation -- Membership.§ 53D-1-302
Board chair and vice chair -- Quorum.§ 53D-1-303
Board authority and duties.§ 53D-1-304
Board meetings -- Closed meetings.§ 53D-1-401
Appointment of director -- Qualifications -- Nature of employment -- Removal by petition.§ 53D-1-402
Director duties and responsibilities.§ 53D-1-403
Reports.