{"data":{"id":"us-ut/utah-code-16-21-302","jurisdiction":"us-ut","citation":"Utah Code § 16-21-302","heading":"Standard of conduct for managers and officers.","body":"(1) Each manager of a manager-managed benefit company shall consider the interests and factors described in Subsections 16-21-301(1) and (2) when discharging the manager's duties under this chapter and the operating agreement.\n(2) If a benefit company has a person serving as an officer, the person shall consider the interests and factors described in Subsections 16-21-301(1) and (2) when discharging the person's duties under this chapter and the operating agreement if:\n(a) the officer has discretion to act with respect to the matter; and\n(b) it reasonably appears to the officer that the matter may have a material effect on the benefit company's creation of a general public benefit or a specific public benefit identified in the benefit company's certificate of organization.\n(3) A manager's consideration of the interests and factors described in Subsections 16-21-301(1) and (2) does not constitute a violation of Section 16-20-409.\n(4) A manager or officer does not have a duty to a person who is a beneficiary of the benefit company's general public benefit purpose or a specific public benefit purpose arising from the person's status as a beneficiary.","path":["Title 16 Business Entities","Chapter 16-21 Benefit Limited Liability Company Act","Part 16-21-3 Accountability"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter21/16-21-S302.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-10-08T05:55:33Z","sha256":"b9e3e6b58375bcdd5ad412dc698d31cb1b0049645eb2a281faa95fb39ad1e734","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-21-301","next":"us-ut/utah-code-16-21-303"},"notice":"GroundRules: Original legal text. Not legal advice."}