Utah Code 53B-20-102. Vesting of rights, claims, and causes of action in higher education institutions — Right to sue in corporate name
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Terms Used In Utah Code 53B-20-102
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
All rights, claims, and causes of action to or for any property vested in an institution of higher education prior to the effective date of this chapter, or the use of or income from the property, or for any conversion, disposition, and withholding of the property, or for any damage or injury to the property vests in the institution. The institution may bring and maintain actions in its corporate name to recover, protect, and preserve all property and rights of the institution and enforce any contract relating to those rights and property.
Enacted by Chapter 167, 1987 General Session