(1)  Each independent corporation is subject to:

Terms Used In Utah Code 63E-2-104

  • Committee: means the Retirement and Independent Entities Committee created by Section 63E-1-201. See Utah Code 63E-1-102
  • 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.
  • Independent corporation: means a corporation incorporated in accordance with Chapter 2, Independent Corporations Act. See Utah Code 63E-1-102
(a)  review by the Retirement and Independent Entities Committee in accordance with Chapter 1, Independent Entities Act; and

(b)  the authority of the legislative auditor general in accordance with Utah Constitution, Article VI, Section 33, and Section 36-12-15.

(2)  Each independent corporation shall report, as requested, to the committee on matters related to audits.

Amended by Chapter 21, 2023 General Session

  Previous section
Next section  
 Chapter 2 Contents