Utah § 63N-6-305 Management fee -- Additional financial assistance.

Utah Statutes

§ 63N-6-305 — Management fee -- Additional financial assistance.

Utah § 63N-6-305

Title 63NEconomic Opportunity Act

Ch. 63N-6Utah Venture Capital Enhancement Act

Part 63N-6-3Utah Capital Investment Corporation

This text of Utah § 63N-6-305 (Management fee -- Additional financial assistance.) 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-6-305 (2026).

Text

(1)The corporation may charge a management fee on assets under management in the Utah fund of funds.

(2)The management fee described in Subsection (1) may not, in a calendar year, exceed 1% of the asset value of the Utah fund of funds on the immediately preceding December 31.

(3)In addition to the management fee, the Utah fund of funds will pay directly or reimburse the corporation for out-of-pocket expenses, including fund administration, tax and audit fees and costs, investment and monitoring costs, and similar expenses incurred in connection with the operation of the corporation or the Utah fund of funds.

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(1) The corporation may charge a management fee on assets under management in the Utah fund of funds.
(2) The management fee described in Subsection (1) may not, in a calendar year, exceed 1% of the asset value of the Utah fund of funds on the immediately preceding December 31.
(3) In addition to the management fee, the Utah fund of funds will pay directly or reimburse the corporation for out-of-pocket expenses, including fund administration, tax and audit fees and costs, investment and monitoring costs, and similar expenses incurred in connection with the operation of the corporation or the Utah fund of funds.