Utah Statutes
§ 63N-6-303 — Board of directors.
Utah § 63N-6-303
JurisdictionUtah
Title 63NEconomic Opportunity Act
Ch. 63N-6Utah Venture Capital Enhancement Act
Part 63N-6-3Utah Capital Investment Corporation
This text of Utah § 63N-6-303 (Board of directors.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 63N-6-303 (2026).
Text
(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.
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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.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 63N-6-303, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/63N-6-303.