Utah § 51-8-201 - General standard of care.
Full text of Utah Utah Code § 51-8-201 — General standard of care., with citation guidance and answers to common questions.
§ 51-8-201. General standard of care.
| (1) | Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. |
| (2) | In addition to complying with the duty of loyalty imposed by law other than this chapter, each person responsible for managing and investing an institutional fund shall manage and invest the fund in good faith and with the care an ordinarily prudent person in a like position would exercise under similar circumstances. |
Enacted by Chapter 59, 2007 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 51-8-201
What does Utah Code § 51-8-201 cover?
Section 51-8-201 ("General standard of care.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 51-8-201?
A common citation format is "Utah Code § 51-8-201" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 51-8-201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.