{"data":{"id":"us-ut/utah-code-48-4-302","jurisdiction":"us-ut","citation":"Utah Code § 48-4-302","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 48-4-301(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 48-4-301(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 48-4-301(1) and (2) does not constitute a violation of Section 48-3a-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 48 Unincorporated Business Entity Act","Chapter 48-4 Benefit Limited Liability Company Act","Part 48-4-3 Accountability"],"source_url":"https://le.utah.gov/xcode/Title48/Chapter4/48-4-S302.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"f2f8da45563356b88d158741e5a4047d9077787358ebd33d09aafd9ae1875571","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-48-4-301","next":"us-ut/utah-code-48-4-303"},"notice":"GroundRules: Original legal text. Not legal advice."}