63E-2-106. Powers.
139 words·~1 min read·
/ut/title-63e/chapter-2/63e-2-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
63E-2-106. Powers.
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.
Enacted by Chapter 201 , 2001 General Session