53E-8-202. Corporate powers — Property — Establishment of a foundation.
(1)
The Utah Schools for the Deaf and the Blind is a public corporation with perpetual succession and a corporate seal.
Terms Used In Utah Code 53E-8-202
Bequest: Property gifted by will.
Blind: means :
(a)
if the person is three years of age or older but younger than 22 years of age, having a visual impairment that, even with correction, adversely affects educational performance or substantially limits one or more major life activities; and
(b)
if the person is younger than three years of age, having a visual impairment. See Utah Code 53E-8-102
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.
Deaf: means :
(a)
if the person is three years of age or older but younger than 22 years of age, having hearing loss, whether permanent or fluctuating, that, even with amplification, adversely affects educational performance or substantially limits one or more major life activities; and
(b)
if the person is younger than three years of age, having hearing loss. See Utah Code 53E-8-102
Devise: To gift property by will.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
