Utah Statutes
§ 53H-10-212 — Property rights to plan assets.
Utah·Title 53H Higher Education·Ch. 53H-10 Utah Education Savings·Part 53H-10-2 Utah Educational Savings Plan
(1)The assets of the plan, including the program fund and the endowment fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the plan and shall be held in trust for the account owners and beneficiaries.
(2)No property rights in the plan shall exist in favor of the state.
(3)The assets may not be transferred or used by the state for any purposes other than the purposes of the plan.
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Legislative History
Renumbered and Amended by Chapter 8, 2025 Special Session 1
Nearby Sections
15
§ 53H-1-101
Title 53H Definitions.§ 53H-1-102
Utah system of higher education.§ 53H-1-201
General Provisions -- Definitions.§ 53H-1-205
Board Member Qualifications.§ 53H-1-206
Committees.§ 53H-1-301
General Provisions -- Definitions.§ 53H-1-303
Appointment and hiring of staff.