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2006 Utah Code - 53B-8a-113 — Property rights to assets in trust.

     53B-8a-113.   Property rights to assets in trust.
     (1) The assets of the trust, 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 trust and shall be held in trust for the account owners and beneficiaries.
     (2) No property rights in the trust 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 trust.

Amended by Chapter 109, 2005 General Session

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