Utah Code > Title 53D > Chapter 1 > Part 6 – Management and Investment Standards and Principles


§ 53D-1-601	General management and investment principles — Duty of person with special skills or expertise
§ 53D-1-602	Office authority, responsibilities, and duties
§ 53D-1-603	Director authority, responsibilities, and duties
§ 53D-1-604	Compliance not determined by hindsight

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Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Board: means the board of trustees established in Section 53D-1-301. See Utah Code 53D-1-102
Director: means the director of the office. See Utah Code 53D-1-102
Office: means the School and Institutional Trust Fund Office, created in Section 53D-1-201. See Utah Code 53D-1-102
Person: means :
     (24)(a) an individual;
     (24)(b) an association;
     (24)(c) an institution;
     (24)(d) a corporation;
     (24)(e) a company;
     (24)(f) a trust;
     (24)(g) a limited liability company;
     (24)(h) a partnership;
     (24)(i) a political subdivision;
     (24)(j) a government office, department, division, bureau, or other body of government; and
     (24)(k) any other organization or entity. See Utah Code 68-3-12.5
Property: includes both real and personal property. See Utah Code 68-3-12.5
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
Trust fund: means money derived from:
     (10)(a) the sale or use of land granted to the state under Sections 6, 8, and 12 of the enabling act;
     (10)(b) proceeds referred to in Section 9 of the enabling act from the sale of public land; and
     (10)(c) revenue and assets referred to in Utah Constitution, Article X, Section 5, Subsections (1)(c), (e), and (f). See Utah Code 53D-1-102