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Code · Utah · Title 53H — Higher Education · Chapter 10

53H-10-212. Property rights to plan assets.

99 words·~1 min read·/ut/title-53h/chapter-10/53h-10-212·

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

Effective 10/14/2025
53H-10-212. Property rights to plan assets.
(1)The assets of the plan, including the program fund and the endowment fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the plan and shall be held in trust for the account owners and beneficiaries.
(2)No property rights in the plan shall exist in favor of the state.
(3)The assets may not be transferred or used by the state for any purposes other than the purposes of the plan.
Renumbered and Amended by Chapter 8 , 2025 Special Session 1
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