Except as specifically modified in its authorizing
statute, each independent
corporation may not participate in the:
| (1) |
issuance of bonds that are the obligation of the state; or |
Terms Used In Utah Code 63E-2-107
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Statute: A law passed by a legislature.
| (2) |
services provided to state agencies, including:
| (c) |
surplus property services; |
| (d) |
information technology services; or |
|
Amended by Chapter 220, 2013 General Session
