Skip to main content
Find a Lawyer

Utah Code Title 53C. School and Institutional Trust Lands Management Act § 53C-4-101. Criteria for sale, lease, exchange, or other disposition of trust lands

Current as of January 01, 2025 | Updated by Findlaw Staff

(1)(a) The director shall establish criteria by rule for the sale, exchange, lease, or other disposition or conveyance of trust lands, including procedures for determining fair market value of those lands.

(b)(i) Nothing in this title or in the administration's rules and procedures shall be considered to require the director or the administration to execute any transaction for the disposition of trust lands on terms that the director determines by a written finding to be unfavorable to the beneficiaries.

(ii) The director shall send a copy of the written finding to each board member for review and comment.

(2) The governor, with the consent of the board, may participate in efforts and initiatives related to school and institutional trust lands inholdings.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Utah Code Title 53C. School and Institutional Trust Lands Management Act § 53C-4-101. Criteria for sale, lease, exchange, or other disposition of trust lands - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-53c-school-and-institutional-trust-lands-management-act/ut-code-sect-53c-4-101/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard