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Form a Business

Board of directors.

Utah Code § 63N-6-303
in effect
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63N-6-303. Board of directors. (1) The corporation's board of directors comprises the state treasurer and two individuals designated by the state treasurer. (2) Two members of the board are a quorum for the transaction of business. (3) Members of the board of directors: (a) are subject to any restrictions on conflicts of interest specified in the organizational documents of the corporation; and (b) may not participate in a vote by the board of directors related to an investment by the Utah fund of funds, if the member has an interest in the investment. (4) Directors of the corporation: (a) shall be compensated for direct expenses and mileage; and (b) may not receive a director's fee or salary for service as directors. Amended by Chapter 298, 2022 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title63N/Chapter6/63N-6-S303.html?v=C63N-6-S303_2022050420220701Fetched: 10/26/2026

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