Section 303 – Board of directors.
Effective 7/1/2022 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 […]
Section 305 – Management fee — Additional financial assistance.
Effective 7/1/2022 63N-6-305. Management fee — Additional financial assistance. (1) The corporation may charge a management fee on assets under management in the Utah fund of funds. (2) The management fee described in Subsection (1) may not, in a calendar year, exceed 1% of the asset value of the Utah fund of funds on the […]
Section 301 – Utah Capital Investment Corporation — Powers and purposes — Reporting requirements.
Effective 7/1/2022 63N-6-301. Utah Capital Investment Corporation — Powers and purposes — Reporting requirements. (1) (a) There is created an independent quasi-public nonprofit corporation known as the Utah Capital Investment Corporation. (b) The corporation: (i) may exercise all powers conferred on independent corporations under Section 63E-2-106; (ii) is subject to the prohibited participation provisions of […]