| (1) |
Except as specifically modified in its authorizing statute, each independent corporation shall be exempt from the statutes governing state agencies, including:
Terms Used In Utah Code 63E-2-109- Authorizing statute: means the statute creating an entity as an independent entity. 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
- 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.
| (a) |
Title 51, Chapter 5, Funds Consolidation Act; |
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| (2) |
Except as specifically modified in its authorizing statute, each independent corporation shall be subject to:
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| (3) |
Each independent corporation board may adopt its own policies and procedures governing its:
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Amended by Chapter 84, 2021 General Session
Amended by Chapter 345, 2021 General Session
