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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) As used in this section, “director” includes a trustee or other board member.
(2) Each independent corporation shall be governed by a board of directors.
(3) The authorizing statute of each independent corporation shall specify:
(a) the process for appointing, removing, and replacing directors;
(b) the number and terms of office for directors;
(c) the board chair selection procedure;
(d) board quorum requirements;
(e) director qualifications; and
(f) the duties and fiduciary responsibilities of directors.
Cite this article: FindLaw.com - Utah Code Title 63E. Independent Entities Code § 63E-2-105. Boards - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63e-independent-entities-code/ut-code-sect-63e-2-105/
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.
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