Utah Statutes
§ 63E-2-105 — Boards.
(1)As used in this section, "director" includes a trustee or other board member.
(2)Each independent corporation shall be governed by a board of directors.
(3)The authorizing statute of each independent corporation shall specify:
(3)(a) the process for appointing, removing, and replacing directors;
(3)(b) the number and terms of office for directors;
(3)(c) the board chair selection procedure;
(3)(d) board quorum requirements;
(3)(e) director qualifications; and
(3)(f) the duties and fiduciary responsibilities of directors.
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Legislative History
Enacted by Chapter 201, 2001 General Session
Nearby Sections
15
§ 63E-1-101
Title.§ 63E-1-102
Definitions -- List of independent entities.§ 63E-1-103
Registration as a limited purpose entity.§ 63E-1-202
Duties of the committee.§ 63E-1-301
Definitions.§ 63E-1-303
Recommendations of the committee.§ 63E-1-304
Limitations on risk management coverage.§ 63E-1-401
Definitions.§ 63E-1-402
Benefits to interested parties of an independent entity -- Disposition of unused appropriations.§ 63E-1-403
Privatization process -- Audit.§ 63E-1-404
Penalties for violation.§ 63E-2-101
Title.§ 63E-2-102
Independent corporations.