| (1) |
Terms Used In Utah Code 53C-1-301- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Writing: includes :Utah Code 68-3-12.5
| (a) |
The board, with the consent of the governor, shall select the director on the basis of outstanding professional qualifications pertinent to the purposes and activities of the trust. |
| (b) |
If the governor withholds his consent from a candidate agreed upon by the board, he shall give his reasons in writing to the board. |
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| (2) |
The director shall serve a term of four years, or until a successor is selected and qualified. |
| (3) |
When a vacancy occurs in the office of the director, the vacancy shall be filled pursuant to Subsection (1) for the remainder of the term. |
| (4) |
| (a) |
The board:
| (i) |
shall establish the compensation of the director; and |
| (ii) |
annually report the director’s compensation to the Legislature. |
|
| (b) |
The compensation and performance of the director shall be examined each year as part of the board’s budget review process. |
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| (5) |
| (a) |
The board may remove the director from office for cause by a majority vote of the board. |
| (b) |
| (i) |
The governor may petition the board for removal of the director for cause. |
| (ii) |
The board shall hold a hearing on the governor’s petition within 60 days after its receipt. |
| (iii) |
If after the hearing the board finds by a preponderance of the evidence cause for removal, it shall remove the director from office by a majority vote. |
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Amended by Chapter 337, 1996 General Session
