Section 63N-6-303 - Board of directors(1) The corporation's board of directors comprises the state treasurer and two individuals designated by the state treasurer.(2) Two members of the board are a quorum for the transaction of business.(3) Members of the board of directors:(a) are subject to any restrictions on conflicts of interest specified in the organizational documents of the corporation; and(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.(4) Directors of the corporation: (a) shall be compensated for direct expenses and mileage; and(b) may not receive a director's fee or salary for service as directors.Amended by Chapter 298, 2022 General Session ,§ 5, eff. 7/1/2022.Amended by Chapter 438, 2021 General Session ,§ 5, eff. 5/5/2021.Renumbered from § 63M-1-1209 by Chapter 283, 2015 General Session ,§ 202, eff. 5/12/2015.Amended by Chapter 420, 2015 General Session ,§ 5, eff. 5/12/2015.Renumbered and Amended by Chapter 382, 2008 General Session