Boards.

  1. Law
  2. Utah Code
  3. Independent Entities Code
  4. Independent Corporations Act
  5. Boards.

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  • (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.




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