Utah Statutes
§ 53G-5-605 — State to succeed to property of authority when encumbrances paid or authority dissolved.
Utah·Title 53G Public Education System -- Local Administration·Ch. 53G-5 Charter Schools·Part 53G-5-6 Charter School Credit Enhancement Program
(1)If the authority is dissolved at any time, for any reason, all funds, property, rights, and interests of the authority, following the satisfaction of the authority's obligations, shall immediately vest in and become the property of the state, which shall succeed to all rights of the authority subject to any encumbrances which may then exist on any particular properties.
(2)None of the net earnings of the authority shall inure to the benefit of any private person.
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Utah § 53G-5-605 (State to succeed to property of authority when encumbrances paid or authority dissolved.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Renumbered and Amended by Chapter 3, 2018 General Session
Nearby Sections
15
§ 53G-1-101
Title.§ 53G-1-102
Public education code definitions.§ 53G-1-103
Definitions.§ 53G-10-101
Title.§ 53G-10-102
Definitions.§ 53G-10-103
Sensitive instructional materials.§ 53G-10-201
Definitions.§ 53G-10-203
Expressions of belief -- Discretionary time.§ 53G-10-204
Civic and character education -- Definitions -- Legislative finding -- Elements -- Reporting requirements.§ 53G-10-205
Waivers of participation.§ 53G-10-206
Educational freedom.§ 53G-10-207
Personal privacy for employee.§ 53G-10-301
Definitions.