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United States — Utah Act or statute

United States — Utah legislation

Utah Code § 11-13a-103, 2017

A governing board must manage the corporation’s affairs, elect a chair, and members owe fiduciary duties; it may elect other officers and set office terms.

Source excerpt

board governancefiduciary dutyoffice tenureofficer rolesofficers
Jurisdiction
United States — Utah
Status
In force
Official identity
Year 2017
Dates
Enacted 2017
More statute details
Dates
Enacted 2017
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01

Purpose and legislative effect

“A governing board must manage the corporation’s affairs, elect a chair, and members owe fiduciary duties; it may elect other officers and set office terms.”

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02

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  1. 01

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    Enacted 2017. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

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03

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Governance -- Powers of governing body.

A governing board must manage the corporation’s affairs, elect a chair, and members owe fiduciary duties; it may elect other officers and set office terms.

Section 11-13a-103

Subsection 11-13a-103(2)

Each governing board member owes a fiduciary duty to the governmental nonprofit corporation.

Section 11-13a-103(2)

Subsection 11-13a-103(3)(b)

Subject to Subsection (4), the board may elect other officers as it considers appropriate.

Section 11-13a-103(3)(b)

Subsection 11-13a-103(4)(a)

One person may not simultaneously hold certain pairs of offices: chair and treasurer, chair and clerk, or treasurer and clerk.

Section 11-13a-103(4)(a)

04

Source and current-law status

In force source record

Source record from le.utah.gov · Enacted 2017

In force

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Official record

Source-indexed provision map

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Showing 10 of 10 provisions

Provision 10
§ 11-13a-103Governance -- Powers of governing body.Provision

Source excerpt

A governing board must manage the corporation’s affairs, elect a chair, and members owe fiduciary duties; it may elect other officers and set office terms.

Governance -- Powers of governing body. A governing board shall manage and direct the business and affairs of a governmental nonprofit corporation. Each member of a governing board has and owes a fiduciary duty to the governmental nonprofit corporation. A governing board: shall elect a chair from the members of the board; and subject to Subsection (4) , may elect other officers as the board considers appropriate. One person may not hold, at the same time, the offices of chair and treasurer, chair and clerk, or treasurer and clerk. An officer serves at the pleasure of the governing board. The governing board may designate a set term for each office.
Section 11-13a-103Verify source
§ 11-13a-103(1)Subsection 11-13a-103(1)Provision

Source excerpt

A governing board must manage and direct the business and affairs of a governmental nonprofit corporation.

A governing board shall manage and direct the business and affairs of a governmental nonprofit corporation.
Section 11-13a-103(1)Verify source
§ 11-13a-103(2)Subsection 11-13a-103(2)Provision

Source excerpt

Each governing board member owes a fiduciary duty to the governmental nonprofit corporation.

Each member of a governing board has and owes a fiduciary duty to the governmental nonprofit corporation.
Section 11-13a-103(2)Verify source
§ 11-13a-103(3)Subsection 11-13a-103(3)Provision

Source excerpt

A governing board must elect a chair from its members and may elect other officers if allowed by Subsection (4).

A governing board: shall elect a chair from the members of the board; and subject to Subsection (4) , may elect other officers as the board considers appropriate.
Section 11-13a-103(3)Verify source
§ 11-13a-103(3)(a)Subsection 11-13a-103(3)(a)Provision

Source excerpt

The board must elect a chair from among its members.

shall elect a chair from the members of the board; and
Section 11-13a-103(3)(a)Verify source
§ 11-13a-103(3)(b)Subsection 11-13a-103(3)(b)Provision

Source excerpt

Subject to Subsection (4), the board may elect other officers as it considers appropriate.

subject to Subsection (4) , may elect other officers as the board considers appropriate.
Section 11-13a-103(3)(b)Verify source
§ 11-13a-103(4)Subsection 11-13a-103(4)Provision

Source excerpt

A person may not hold two of the listed offices at the same time. An officer serves at the governing board’s pleasure, and the board may set a term for each office.

One person may not hold, at the same time, the offices of chair and treasurer, chair and clerk, or treasurer and clerk. An officer serves at the pleasure of the governing board. The governing board may designate a set term for each office.
Section 11-13a-103(4)Verify source
§ 11-13a-103(4)(a)Subsection 11-13a-103(4)(a)Provision

Source excerpt

One person may not simultaneously hold certain pairs of offices: chair and treasurer, chair and clerk, or treasurer and clerk.

One person may not hold, at the same time, the offices of chair and treasurer, chair and clerk, or treasurer and clerk.
Section 11-13a-103(4)(a)Verify source
§ 11-13a-103(4)(b)Subsection 11-13a-103(4)(b)Provision

Source excerpt

An officer serves at the pleasure of the governing board.

An officer serves at the pleasure of the governing board.
Section 11-13a-103(4)(b)Verify source
§ 11-13a-103(4)(c)Subsection 11-13a-103(4)(c)Provision

Source excerpt

The governing board may designate a set term for each office.

The governing board may designate a set term for each office.
Section 11-13a-103(4)(c)Verify source

Legislative relationships

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