Terms Used In Utah Code > Title 53D > Chapter 1 > Part 6 - Management and Investment Standards and Principles

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Board: means the board of trustees established in Section 53D-1-301. See Utah Code 53D-1-102
• Director: means the director of the office. See Utah Code 53D-1-102
• Office: means the School and Institutional Trust Fund Office, created in Section 53D-1-201. See Utah Code 53D-1-102
• Person: means :Utah Code 68-3-12.5
• 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
• Trust fund: means money derived from:

  (a)	the sale or use of land granted to the state under Sections 6, 8, and 12 of the enabling act;

  (b)	proceeds referred to in Section 9 of the enabling act from the sale of public land; and

  (c)	revenue and assets referred to in Utah Constitution, Article X, Section 5, Subsections Utah Code 53D-1-102