Effective 5/9/2017 11-13a-103. Governance — Powers of governing body. (1) A governing board shall manage and direct the business and affairs of a governmental nonprofit corporation. (2) Each member of a governing board has and owes a fiduciary duty to the governmental nonprofit corporation. (3) A governing board: (a) shall elect a chair from the […]
Effective 5/9/2017 11-13a-104. Quorum of the governing board — Meetings of the governing board. (1) (a) A majority of the governing board constitutes a quorum for the transaction of governing board business. (b) Action by a majority of a quorum constitutes action of the governing board. (2) The governing board shall hold regular and special […]
Effective 5/8/2018 11-13a-105. Registration as a limited purpose entity. (1) Each governmental nonprofit corporation shall register and maintain the governmental nonprofit corporation’s registration as a limited purpose entity, in accordance with Section 67-1a-15. (2) A governmental nonprofit corporation that fails to comply with Subsection (1) or Section 67-1a-15 is subject to enforcement by the state […]
Effective 5/14/2019 11-13a-106. Training for board members. (1) (a) (i) Each member of a board of directors of a governmental nonprofit corporation shall complete the training described in Subsection (2)(a): (A) within six months after the day on which the member becomes a board member; or (B) for a member already in the position of […]
