Utah Statutes
§ 63E-2-106 — Powers.
Except as specifically modified in its authorizing statute, each independent corporation shall have the power to:
(1)exist as a:
(1)(a) public corporation; or
(1)(b) quasi-public corporation;
(2)perform its stated public purpose;
(3)sue and be sued in its own name;
(4)retain and be represented by legal counsel independent of the attorney general;
(5)create foundations or subsidiaries;
(6)act in accordance with all other powers granted in its authorizing statute and by duly issued license or franchise;
(7)act in all ways as a nonprofit corporation established under Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, that do not conflict with:
(7)(a) this title;
(7)(b) the authorizing statute of the independent corporation; or
(7)(c) statutes and regulations to which the i
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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.