(1)  A corporation shall have the officers designated in its bylaws or by the board of directors in a manner not inconsistent with the bylaws. Any officer shall be a natural person.

Terms Used In Utah Code 16-10a-830

  • Bylaws: includes amended bylaws and restated bylaws. See Utah Code 16-10a-102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Individual: means :
(a) a natural person;
(b) the estate of an incompetent individual; or
(c) the estate of a deceased individual. See Utah Code 16-10a-102
  • Person: means :Utah Code 68-3-12.5
    • (2)  Officers may be appointed by the board of directors or in any other manner as the board of directors or bylaws may provide. A duly appointed officer may appoint one or more officers or assistant officers if authorized by the bylaws or the board of directors.

    (3)  The bylaws or the board of directors shall delegate to one of the officers responsibility for the preparation and maintenance of minutes of the directors’ and shareholders’ meetings and other records and information required to be kept by the corporation under Section 16-10a-1601 and for authenticating records of the corporation.

    (4)  The same individual may simultaneously hold more than one office in a corporation.

    Amended by Chapter 41, 1996 General Session

      Previous section
    Next section  
     Part 8 Contents