(1)

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Utah Code 23A-2-507

  • Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
     (1)(a) A Board of Compact Administrators is established to:

          (1)(a)(i) administer the provisions of this compact; and
          (1)(a)(ii) serve as a governing body for the resolution of all matters relating to the operation of this compact.
     (1)(b) The board shall be composed of one representative from each of the participating states to be known as the compact administrator.
     (1)(c) The compact administrator shall be appointed by the head of the licensing authority of each participating state and shall serve and be subject to removal in accordance with the laws of the state he represents.
     (1)(d) A compact administrator may provide for the discharge of his duties and the performance of his function as a board member by an alternate.
     (1)(e) An alternate shall not be entitled to serve unless written notification of his identity has been given to the board.
(2)

     (2)(a) Each member of the board of compact administrators shall be entitled to one vote.
     (2)(b) An action of the board shall not be binding unless taken at a meeting at which a majority of the total number of the board’s votes are cast in favor thereof.
     (2)(c) Action by the board shall be only at a meeting at which a majority of the participating states are represented.
(3) The board shall elect annually from its membership a chairman and vice-chairman.
(4) The board shall adopt bylaws not inconsistent with the provisions of this compact or the laws of a participating state for the conduct of its business and shall have the power to amend and rescind its bylaws.
(5) The board may accept for any of its purposes and functions under this compact any and all donations and grants of money, equipment, supplies, materials, and services, conditional or otherwise, from any state, the United States, or any governmental agency, and may receive, utilize, and dispose of the donations and grants.
(6) The board may contract with, or accept services or personnel from, any governmental or intergovernmental agency, individual, firm, or corporation, or any private nonprofit organization or institution.
(7) The board shall formulate all necessary procedures and develop uniform forms and documents for administering the provisions of this compact. All procedures and forms adopted to board action shall be contained in a compact manual.