Governance -- Powers of governing body.

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  • (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 members of the board; and
    • (b) subject to Subsection (4), may elect other officers as the board considers appropriate.
  • (4)
    • (a) One person may not hold, at the same time, the offices of chair and treasurer, chair and clerk, or treasurer and clerk.
    • (b) An officer serves at the pleasure of the governing board.
    • (c) The governing board may designate a set term for each office.




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