Utah Code > Title 53B > Chapter 31 > Part 2 – Nonprofit Corporations or Foundations
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| § 53B-31-201 | Nonprofit corporations or foundations — Purpose |
Terms Used In Utah Code > Title 53B > Chapter 31 > Part 2 - Nonprofit Corporations or Foundations
- Board: means the Utah Board of Higher Education described in Section 53B-1-402. See Utah Code 53B-1-101.5
- 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.