{"data":{"id":"us-ut/utah-code-53h-16-201","jurisdiction":"us-ut","citation":"Utah Code § 53H-16-201","heading":"General provisions -- Definitions.","body":"As used in this part:\n(1) \"Executive director\" means the executive director of the institute appointed under Section 53H-16-304.\n(2) \"Institute board\" means the board of directors of the Nucleus Institute as described in Section 53H-16-302.\n(3) \"Investment committee\" means the investment committee of the Nucleus Fund created in Section 53H-16-403.\n(4) \"Nucleus Fund\" means a limited liability company organized under Section 53H-16-402.\n(5) \"Nucleus Institute\" or \"institute\" means the Nucleus Institute created in Section 53H-16-202.\n(6) \"Qualified business\" means a business entity that:\n(a) is established to commercialize a technology, product, or service developed in partnership with a technology commercialization program at a public institution or private postsecondary educational institution in the state; and\n(b) maintains the business's principal business operations in the state.\n(7) \"Qualified investment\" means any distribution or payment of funds to a qualified business from the Nucleus Fund, including:\n(a) a direct investment of capital in a qualified business for the purchase of shares of stock;\n(b) a secured loan or revolving line of credit to a qualified business; or\n(c) a financial grant to a qualified business.","path":["Title 53H Higher Education","Chapter 53H-16 Nucleus Institute","Part 53H-16-2 Nucleus Institute"],"source_url":"https://le.utah.gov/xcode/Title53H/Chapter16/53H-16-S201.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"95f484f26bdac304b52013f0e49d99d4fcc2ae8b8fb1c9c3b8c58b1da17fd921","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-53h-16-101","next":"us-ut/utah-code-53h-16-202"},"notice":"GroundRules: Original legal text. Not legal advice."}