2015 Utah Code
Title 63E - Independent Entities Code
Chapter 2 - Independent Corporations Act
Section 106 - Powers.

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