Utah § 53D-1-501 Nominating committee -- Membership -- Terms -- Vacancies -- Compensation.

Utah Statutes

§ 53D-1-501 — Nominating committee -- Membership -- Terms -- Vacancies -- Compensation.

Utah § 53D-1-501

Title 53DSchool and Institutional Trust Fund Management and Land Trusts Protection and Advocacy Office

Ch. 53D-1School and Institutional Trust Fund Management Act

Part 53D-1-5Nominating Committee

This text of Utah § 53D-1-501 (Nominating committee -- Membership -- Terms -- Vacancies -- Compensation.) 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. § 53D-1-501 (2026).

Text

(1)There is established a School and Institutional Trust Fund Nominating Committee.

(2)The nominating committee consists of:

(2)(a) four members, appointed by the state treasurer upon recommendation by the advocacy office director, each of whom is a member of a respected professional investment organization;

(2)(b) the chief investment officer of the University of Utah endowment;

(2)(c) the chief investment officer of the Utah State University endowment; and

(2)(d) the advocacy office director.

(3)An individual appointed as a member of the nominating committee under Subsection (2)(a) shall be appointed based on the individual's expertise in:

(3)(a) investment finance;

(3)(b) institutional asset management;

(3)(c) trust administration; or

(3)(d) the practice of law in the areas of capi

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(1) There is established a School and Institutional Trust Fund Nominating Committee.
(2) The nominating committee consists of:

(2)(a) four members, appointed by the state treasurer upon recommendation by the advocacy office director, each of whom is a member of a respected professional investment organization;
(2)(b) the chief investment officer of the University of Utah endowment;
(2)(c) the chief investment officer of the Utah State University endowment; and
(2)(d) the advocacy office director.
(3) An individual appointed as a member of the nominating committee under Subsection (2)(a) shall be appointed based on the individual's expertise in:

(3)(a) investment finance;
(3)(b) institutional asset management;
(3)(c) trust administration; or
(3)(d) the practice of law in the areas of capital markets, securities law, trusts, foundations, endowments, investment finance, institutional asset management, or trust administration.
(4) The term of a member appointed under Subsection (2)(a) is four years.
(5) A nominating committee member shall serve until a successor is appointed and qualified.
(6) (6)(a) If a member appointed under Subsection (2)(a) leaves office, the vacancy shall be filled in the same manner as the initial appointment under Subsection (2)(a).
(6)(b) An individual appointed to fill a vacancy under Subsection (6)(a) serves the remainder of the unexpired term.
(7) A member of the nominating committee may not receive compensation or benefits for the member's service, but may receive per diem and travel expenses in accordance with:

(7)(a) Section 63A-3-106;
(7)(b) Section 63A-3-107; and
(7)(c) rules made by the Division of Finance pursuant to Sections 63A-3-106 and 63A-3-107.