{"data":{"id":"us-ut/utah-code-63n-6-303","jurisdiction":"us-ut","citation":"Utah Code § 63N-6-303","heading":"Board of directors.","body":"(1) The corporation's board of directors comprises the state treasurer and two individuals designated by the state treasurer.\n(2) Two members of the board are a quorum for the transaction of business.\n(3) Members of the board of directors:\n(a) are subject to any restrictions on conflicts of interest specified in the organizational documents of the corporation; and\n(b) may not participate in a vote by the board of directors related to an investment by the Utah fund of funds, if the member has an interest in the investment.\n(4) Directors of the corporation:\n(a) shall be compensated for direct expenses and mileage; and\n(b) may not receive a director's fee or salary for service as directors.","path":["Title 63N Economic Opportunity Act","Chapter 63N-6 Utah Venture Capital Enhancement Act","Part 63N-6-3 Utah Capital Investment Corporation"],"source_url":"https://le.utah.gov/xcode/Title63N/Chapter6/63N-6-S303.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"1df62286461245774465e8c9db627910ddff35e7f59212895df2caaac440aaa9","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-63n-6-301","next":"us-ut/utah-code-63n-6-305"},"notice":"GroundRules: Original legal text. Not legal advice."}