Termination of Charter. SCSB may terminate this Charter for those reasons provided in state law, USBE rule, or for material breach of this Agreement31 subject to the right of appeal as provided in U.C.A. §53A-1a-510. In addition, the Governing Board may voluntarily terminate this Agreement.32 In the case of any termination whether it is voluntary, or initiated by SCSB action, and after the settlement of all outstanding obligation from the assets on hand, there is a presumption that the property of a School shall revert to the SCSB.33 A School may defeat the presumption of SCSB ownership with documentation that the School purchased the property with private funding, and compelling documentation exists that the School or its founders or directors were never reimbursed from public funds.34
Appears in 9 contracts
Samples: Charter Agreement, Charter Agreement, Charter Agreement
