Utah § 53H-3-802 Formation of non-profit corporations or foundations.

Utah Statutes

§ 53H-3-802 — Formation of non-profit corporations or foundations.

Utah·Title 53H Higher Education·Ch. 53H-3 Institutions of Higher Education Generally·Part 53H-3-8 Formation of Non-Profit Corporations and Foundations

(1)An institution of higher education described in Section 53H-1-102 may form a non-profit corporation or foundation to aid or assist the institution of higher education, within the institution of higher education's mission and role described in Section 53H-3-602, in meeting the institution of higher education's charitable, scientific, literary, research, educational, or other objectives.

(2)The board and the president of the institution of higher education control a nonprofit corporation or foundation described in Subsection (1).

(3)A nonprofit corporation or foundation described in Subsection (1) may receive and administer:

(3)(a) legislative appropriations;

(3)(b) government grants;

(3)(c) private contracts; or

(3)(d) private gifts.

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(1) An institution of higher education described in Section 53H-1-102 may form a non-profit corporation or foundation to aid or assist the institution of higher education, within the institution of higher education's mission and role described in Section 53H-3-602, in meeting the institution of higher education's charitable, scientific, literary, research, educational, or other objectives.
(2) The board and the president of the institution of higher education control a nonprofit corporation or foundation described in Subsection (1).
(3) A nonprofit corporation or foundation described in Subsection (1) may receive and administer:
(3)(a) legislative appropriations;
(3)(b) government grants;
(3)(c) private contracts; or
(3)(d) private gifts.

Utah § 53H-3-802 (Formation of non-profit corporations or foundations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.