Utah Code 53B-1-410. Utah Board of Higher Education successor to rights and duties
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(1) The board is the successor to the Utah System of Technical Colleges Board of Trustees.
Terms Used In Utah Code 53B-1-410
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the Utah Board of Higher Education described in Section
53B-1-402 . See Utah Code 53B-1-401 - Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
(2) For the Utah System of Technical Colleges Board of Trustees, the board:
(2)(a) is vested with all rights, titles, privileges, powers, obligations, liabilities, immunities, franchises, endowments, assets, property, and claims;
(2)(b) shall fulfill and perform all obligations, including obligations relating to outstanding bonds and notes; and
(2)(c) may continue an administrative rule.