Utah Code 10-8-1. Control of finances and property
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Terms Used In Utah Code 10-8-1
- City: means a municipality that is classified by population as a city of the first class, a city of the second class, a city of the third class, a city of the fourth class, or a city of the fifth class, under Section
10-2-301 . See Utah Code 10-1-104 - Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
The boards of commissioners and city councils of cities shall have the power to control the finances and property of the corporation.