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Utah Code Title 63E. Independent Entities Code § 63E-2-106. Powers

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

Except as specifically modified in its authorizing statute, each independent corporation shall have the power to:

(1) exist as a:

(a) public corporation; or

(b) quasi-public corporation;

(2) perform its stated public purpose;

(3) sue and be sued in its own name;

(4) retain and be represented by legal counsel independent of the attorney general;

(5) create foundations or subsidiaries;

(6) act in accordance with all other powers granted in its authorizing statute and by duly issued license or franchise;

(7) act in all ways as a nonprofit corporation established under Title 16, Chapter 6a, Utah Revised Nonprofit Corporation Act, that do not conflict with:

(a) this title;

(b) the authorizing statute of the independent corporation; or

(c) statutes and regulations to which the independent corporation is subject.

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Cite this article: FindLaw.com - Utah Code Title 63E. Independent Entities Code § 63E-2-106. Powers - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63e-independent-entities-code/ut-code-sect-63e-2-106/

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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