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2021 Utah Code
Title 53B - State System of Higher Education
Chapter 2 - Institutions of Higher Education
Section 112 - Formation of non-profit corporations or foundations.
Universal Citation: UT Code § 53B-2-112 (2021)
Effective 5/5/2021
53B-2-112. Formation of non-profit corporations or foundations.
Enacted by Chapter 187, 2021 General Session
53B-2-112. Formation of non-profit corporations or foundations.
- (1) An institution of higher education described in Section 53B-2-101 may form a non-profit corporation or foundation to aid or assist the institution of higher education, within the institution of higher education's mission and role described in Section 53B-16-101, in meeting the institution of higher education's charitable, scientific, literary, research, educational, or other objectives.
- (2) The board and the president of the institution of higher education control a nonprofit corporation or foundation described in Subsection (1).
- (3) A nonprofit corporation or foundation described in Subsection (1) may receive and administer:
- (a) legislative appropriations;
- (b) government grants;
- (c) private contracts; or
- (d) private gifts.
Enacted by Chapter 187, 2021 General Session
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