Utah Statutes
§ 63N-6-303 — Board of directors.
Utah·Title 63N Economic Opportunity Act·Ch. 63N-6 Utah Venture Capital Enhancement Act·Part 63N-6-3 Utah Capital Investment Corporation
(1)The corporation's board of directors comprises the state treasurer and two individuals designated by the state treasurer.
(2)Two members of the board are a quorum for the transaction of business.
(3)Members of the board of directors:
(3)(a) are subject to any restrictions on conflicts of interest specified in the organizational documents of the corporation; and
(3)(b) may not participate in a vote by the board of directors related to an investment by the Utah fund of funds, if the member has an interest in the investment.
(4)Directors of the corporation:
(4)(a) shall be compensated for direct expenses and mileage; and
(4)(b) may not receive a director's fee or salary for service as directors.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 63N-6-303 (Board of directors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 298, 2022 General Session
Nearby Sections
15
§ 63N-13-101
Title -- Projects to assist companies to secure new business with federal, state, and local governments.§ 63N-13-301
Title.§ 63N-13-302
Definitions.§ 63N-13-303
Contract with facilitator.§ 63N-13-304
Functions and responsibilities of facilitator.§ 63N-13-305
Office oversight over contract performance of facilitator -- Office reports to Legislature.§ 63N-16-102
Definitions.§ 63N-16-104
Creation and duties of advisory committee.§ 63N-16-105
Annual report.§ 63N-16-202
Scope of the regulatory sandbox.§ 63N-16-203
Consumer protection for regulatory sandbox.§ 63N-16-204
Requirements for exiting regulatory sandbox.