Renumbered 10/1/2026

215 words·~1 min read·/ut/title-48/chapter-4/10-7

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/8/2018

48-4-302. Standard of conduct for managers and officers.

(1)Each manager of a manager-managed benefit company shall consider the interests and factors described in Subsections 48-4-301(1) and

(2)when discharging the manager's duties under this chapter and the operating agreement.

(2)If a benefit company has a person serving as an officer, the person shall consider the interests and factors described in Subsections 48-4-301(1) and

(2)when discharging the person's duties under this chapter and the operating agreement if:

(a)the officer has discretion to act with respect to the matter; and

(b)it reasonably appears to the officer that the matter may have a material effect on the benefit company's creation of a general public benefit or a specific public benefit identified in the benefit company's certificate of organization.

(3)A manager's consideration of the interests and factors described in Subsections 48-4-301(1) and

(2)does not constitute a violation of Section 48-3a-409 .

(4)A manager or officer does not have a duty to a person who is a beneficiary of the benefit company's general public benefit purpose or a specific public benefit purpose arising from the person's status as a beneficiary.

Renumbered and Amended by Chapter 92 , 2026 General Session

Enacted by Chapter 201 , 2018 General Session